Debenture Redemption Reserve requirement for NHB registered housing finance companies applies to public debentures but not to private placements. Clarification of the Debenture Redemption Reserve (DRR) for housing finance companies registered under the housing finance directions: adequacy of DRR for debentures issued through public issues is fixed at fifty percent of the value of such debentures, while no DRR is required for privately placed debentures issued by those companies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Debenture Redemption Reserve requirement for NHB registered housing finance companies applies to public debentures but not to private placements.
Clarification of the Debenture Redemption Reserve (DRR) for housing finance companies registered under the housing finance directions: adequacy of DRR for debentures issued through public issues is fixed at fifty percent of the value of such debentures, while no DRR is required for privately placed debentures issued by those companies.
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