Central Government hereby specifies such housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987 (53 of 1987), having assets worth rupees one hundred crore and above, as financial institutions for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
MINISTRY OF FINANCE
(Department of Financial Services)
Notification No. S.O. 2405(E),Dated: 17.06.2021
New Delhi,
S.O. 2405(E).— In exercise of the powers conferred by sub-clause (iv) of clause (m) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), and in supersession of the notifications of the Government of India, Ministry of Finance numbers S.O.1282 (E), dated the 10th November, 2003, S.O. 1083 (E) dated 16th March, 2006, S.O. 2757 dated 19th September, 2007, S.O. 1516(E) dated 23rd June, 2010, S.O. 3466 (E) dated 18th December, 2015, and S.O.404(E) dated 22nd January, 2018, except as respects things done or omitted to be done before such supersession, the Central Government hereby specifies such housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987 (53 of 1987), having assets worth rupees one hundred crore and above, as financial institutions for the purposes of the said Act.
[F. No. 31/48/2018 -DRT]
VANDITA KAUL, Addl. Secy.
