Housing financial Cos. having assets worth rupees 100 crores and above to be considered as financial institutions: MoF

The Central Government has specified that such housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987, having assets worth rupees one hundred crores and above, as financial institutions for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.The Central Government has specified that such housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987, having assets worth rupees one hundred crores and above, as financial institutions for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.taxmann.com Latest Statutory HappeningsRead More

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