The Recognition

The company has received the following approvals / recognition.

• The company is approved by Central Government for the purpose of provisions of Sec. 36(1)(viii) of the Income Tax Act, 1961.

• Deposits placed in the company by charitable, endowment and religious trusts are considered as a specified investment under    the Provisions of the Sec. 11(5)(ix) of the Income Tax Act, 1961.

• Recognition from National Housing Bank to avail their refinance facility, vide agreement dated 09-08-1991.

• FAA-Stable - Credit Rating by CRISIL, a credit rating agency, indicating high safety and prompt repayment of public deposits and    interest thereon.

• Keen interest and enthusiasm shown by many leading banks in the public as well as private sector to give long term finance to    the company.