Sucheta Dalal :Private placement of NCDs for HFCs and the new Companies Act
Sucheta Dalal

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Private placement of NCDs for HFCs and the new Companies Act  

March 28, 2014

Will the NHB\'s directions on private placement of NCDs by HFCs be effective with the near enforcement of Companies Act, 2013?

 

Abhirup Ghosh

 

In what seems to be a clear after thought, Housing finance industry regulator, National Housing Bank (NHB) on 19 March 2014 came up with directions for the issue of non-convertible debentures (NCDs) by housing finance companies (HFCs).

 

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-- Sucheta Dalal