- Brief History of our Company
Our Company was incorporated as “The Housing and Urban Development Finance Corporation
Private Limited” on April 25, 1970, as a private limited company under the Companies
Act, 1956, and was granted a certificate of incorporation by the then Registrar
of Companies, Delhi. Subsequently, the name of our Company was changed to its present
name, “Housing and Urban Development Corporation Limited” and a fresh certificate
of incorporation dated July 9, 1974, was issued by the then Registrar of Companies,
Delhi & Haryana. Our Company was notified as a public financial institution under
Section 4A of the Companies Act, 1956 on December 9, 1996, by the Department of
Company Affairs, Ministry of Finance, GoI. Further, the NHB issued a certificate
of registration to us on July 31, 2001, permitting us to carry on the business of
a housing finance institution.
- Our Main Objects
The main objects of our Company as contained in our Memorandum of Association are:
- to provide finance/ credit facility to the Housing and Infrastructure Sectors/ Sub-sectors, with special emphasis on urban development.
- to finance or undertake or collaborate for development of the Housing and Infrastructure Sectors/ Sub-sectors including the setting up of new / satellite towns, in India and abroad.
- to subscribe to the debentures and bonds issued for the purpose of financing Housing and Infrastructure Sectors/Sub-sectors.
- to finance or undertake the setting up of industrial enterprises of building material.
- to administer the funds received, from time to time, from the Government of India and other sources as grants or otherwise for the purposes of channelizing or financing Housing and Infrastructure Sectors/ Sub-sectors or undertaking or assisting in development thereof in the country.
- to promote, establish, assist, collaborate and provide consultancy services relating to Housing and Infrastructure Sectors/ Sub-sectors in India and abroad.
- to undertake the business, or invest in and/or subscribe to the units/ shares etc., of Alternate Investment Funds (AIF), Real Estate Investment Trust (REIT) and/ or Infrastructure Investment Trust (InvIT) pertaining to Housing and Infrastructure Sectors/ Sub-sectors and also facilitating Innovations in these Sectors/ Sub-sectors.
- to set up HUDCO’s own Mutual Fund for the purpose of Housing and Infrastructure Sectors/Sub-sectors and/or invest in, and/or subscribe to the units etc. of Mutual Funds.
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