National Housing Bank- Housing Finance Company
National Housing Bank - Housing Finance Company SHORT SUMMARY: In this Flash editorial, the author begins by referring the provisiosn of National Housing Bank, Housing Finance Companies. Author tries to discuss the conditions for registration of Housing Finance Company with NHB. It is worth noting that amidst the gradual development of demand in the housing finance sector, the corporate houses have made a significant move in order to grab the win-win situation. This is article no. 225 of the series of editorials written by the author on corporate laws {Including Companies Act, 2013, SEBI, RBI Regulations, IBC, LLP Act, 2008 etc.}. INTRODUCTION: One of the Primary needs of any human being is ‘House’. A house is where new dreams are born and are nurtured, thus making it one of the most basic needs for survival. The Hon’ble Prime Minister of India, while presenting the Union Budget for 1987-88 on 28 February 1987 announced the de