lkIrkfgd@WEEKLY
çkf/kdkj ls çdkf'kr
PUBLISHED BY AUTHORITY
la- 16]
ubZ fnYyh] 'kfuokj] vizSy 19—vizSy 25] 2014 ¼pS= 29] 1936½
No. 16] NEW DELHI, SATURDAY, APRIL 19—APRIL 25, 2014 (CHAITRA 29, 1936)
bl Hkkx esa fHkUu i`"B la[;k nh tkrh gS ftlls fd ;g vyx ladyu ds :i esa j[kk tk lds
(Separate paging is given to this Part in order that it may be filed as a separate compilation)
Hkkx III—[k.M 4
[PART III—SECTION 4]
[lkafof/kd fudk;ksa }kjk tkjh dh xbZ fofo/k vf/klwpuk,a ftlesa fd vkns'k] foKkkiu vkSj lwpuk,a lfEefyr g®]
[Miscellaneous Notifications including Notifications, Orders, Advertisements and Notices issued by
Statutory Bodies]
1—29 GI/2014
(2761)
jftLVªh la- Mh,y ¼,u½&04@0007@2003&&05
REGISTERED No. DL(N)—04/0007/2003—05
lR;eso t;rs
jk"Vªh; vkokl cSad
ubZ fnYyh&110003] fnukad 19 ekpZ 2014
la- ,u,pch-,p,Qlh-MhvkbZvkj-10@lh,eMh@2014&&jk"Vªh; vkokl cSad }kjk tufgr esa ,oa bl ckj ls larq"V gksdj
fd jk"Vªh; vkokl cSad }kjk ns'k esa vkokl foÙk iz.kkyh fofu;fer djus esa l'kDr gksus ds iz;kstukFkZ o blds ykHkkFkZ ;g
vko';d le>rk gS fd ,slk djuk visf{kr gS] jk"Vªh; vkokl cSad vf/kfu;e] 1987 ¼1987 dk 53½ dh /kkjk 30, vkSj 31
}kjk iznÙk 'kfDr;ksa dk iz;ksx djrs gq, vkokl foÙk dEiuh ¼jk-vk-cSad½ funsZ'k] 2010 ¼blds ckn izeq[k funsZ'kksa ds :i esa
mfYyf[kr½ dks rRdky izHkko ls] fuEufyf[kr :i esa la'kksf/kr fd;k tkrk gS&&
1- vuqPNsn 2 esa la'kks/ku
izeq[k funsZ'kksa ds vuqPNsn 2 ds mi&vuqPNsn ¼1½ dh /kkjk ¼okbZ½ esa&&
¼d½ mi&/kkjk (vi) esa ^^mudks 'ks;jksa esa ifjofrZr djus ds fodYi ds lkFk** 'kCnksa ds LFkku ij ^^tks vfuok;Z :i ls bfDoVh
esa ifjofrZr gksaxs** 'kCnksa dks izfrLFkkfir fd;k tkrk gSA
¼[k½ mi&/kkjk (ix) esa fuEu 'kcnksa dks var esa 'kkfey fd;k tkrk gS&&^^c'krsZ fd fuxZeu dÙkkZ ds ikl vof/k ds chp esa
fjdky djus dk dksbZ fodYi u gksA**
2762
Hkkjr dk jkti=] vizSy 19] 2014 ¼pS= 29] 1936½
[Hkkx III—[k.M 4
2- vuqPNsn 12 esa la'kks/ku
izeq[k funsZ'kksa ds vuqPNsn 12 ds mi vuqPNsn (v) ds var esa fuEufyf[kr dks 'kkfey fd;k tkrk gS&&
^^fuEu mi vuqPNsn (vii) ds v/;/khu] ,d leL;kizn vkokl foÙk daiuh }kjk _.k dk vuqnku vFkokA**
3- vuqPNsn 13 esa la'kks/ku
izeq[k funsZ'kksa ds vuqPNsn 17 esa]
¼d½ mi vuqPNsn ¼1½ esa] /kkjk ¼,p½ ds ckn] fuEufyf[kr izfrLFkkfir fd;k tkrk gS&&
"(i) blds }kjk ekaxh xbZ tekjkf'k chekdr ugha gSA**
¼[k½ mi&vuqPNsn ¼1½ esa blds ckn] fuEu u;k mi vuqPNsn ¼1½ ¼,½ 'kkfey fd;k tkrk gS&&
^^¼1½ ¼d½ tgka ,d vkokl foÙk dEiuh] tekjkf'k dh ekax ds fcuk Hkh] bySDVªksfud lapkj ek/;e tSls Vhoh esa dksbZ
foKkiu iznf'kZr djrh gS] ogka dEiuh ,sls foKkiuksa esa ,d vuq'kh"kZd@cSaM lekfo"V djsxh ftuesa fuEu dks 'kkfey fd;k
tk,xk&&
^^dEiuh dh tekjkf'k ysus ds fØ;kdyki ds laca/k esa] n'kZd lkoZtfud tek dh ekax ds fy, lekpkji=@vkosnu
izi= esa iznku dh xbZ lwpuk dk lanHkZ ys ldrs gSa(
dEiuh ds ikl jk"Vªh; vkokl cSad vf/kfu;e] 1987 dh /kkjk 29, ds rgr] jk"Vªh; vkokl cSad }kjk tkjh ekU;
iathdj.k izek.ki= fnukafdr-----------------------------------------------------------------------------------gSA gkykafd] jk"Vªh; vkokl cSad dEiuh dh orZeku foÙh; lqn<rk
vFkok fdlh fooj.k dh lR;rk gsrq vFkok dEiuh }kjk vkosfnr rF;ksa ,oa fopkjksa dh vfHkO;fDr ,oa dEiuh }kjk nkf;Roksa
ds fuoZgu@tekjkf'k ds iquHkqZxrku gsrq dksbZ ftEesnkjh u rks Lohdkj djrk gS ,oa u gh mldh dksbZ xkjaVh ysrk gSA**
jkt fodkl oekZ
v/;{k ,oa izca/k funs'kd
&&&&&&&&
vkokl foÙk daifu;ksa }kjk futh fu;kstu vk/kkj ij vifjorZuh; fMcsapjksa ds
fuxZeu gsrq ¼jk-vk- cSad½ funsZ'k] 2014
la- ,u,pch- ,p,Qlh- ,ulhMh&MhvkbZvkj-1@lh,eMh@2014&&jk"Vªh; vkokl cSad tufgr esa ,oa bl ckj ls larq"V
gksdj fd jk"Vªh; vkokl cSad }kjk ns'k esa vkokl foÙk iz.kkyh fofu;fer djus esa l'kDr gksus ds iz;kstukFkZ o blds ykHkkFkZ
;g vko';d le>rk gS fd ,slk djuk visf{kr gS] jk"Vªh; vkokl cSad vf/kfu;e] 1987 ¼1987 dk 53½ dh /kkjk 30, vkSj
31 }kjk iznÙk 'kfDr;ksa dk iz;ksx djrs gq, vkSj bl ckjs esa dkjZokbZ djus ds fy, leFkZ djus okyh lHkh 'kfDr;ksa ds vUrxZr
,rn~}kjk uhps fn, x, funsZ'k nsrk gS&&
1- funsZ'kksa dk y?kq 'kh"kZd] ykxw frfFk ,oa iz;ksT;rk%
¼1½
;s funsZ'k vkokl foÙk daifu;ksa }kjk futh fu;kstu vk/kkj ij vifjorZuh; fMcsapjksa ds fuxZeu gsrq ¼jk-vk- cSad½
funsZ'k] 2014 ds :i esa tkus tk,axsA
¼2½
;s funsZ'k 1 vizSy] 2014 ls izHkkoh gksaxsA
¼3½
tc rd fd jk"Vªh; vkokl cSad }kjk vU;Fkk funsZf'kr u fd;k tk,] ;s funsZ'k jk"Vªh; vkokl cSad vf/kfu;e
¼1987 dk 53½ dh /kkjk 29, ds rgr iathdr izR;sd vkokl foÙk dEiuh ij ykxw gksaxsA
Hkkx III—[k.M 4]
Hkkjr dk jkti=] vizSy 19] 2014 ¼pS= 29] 1936½
2763
2- ifjHkk"kk%
¼1½ bu funsZ'kksa esa] tc rd lanHkZ esa vU;Fkk visf{kr u gks]
¼d½ ^^vifjorZuh; fMcsapj** dk vFkZ gS vkokl foÙk daiuh }kjk tkjh fd, tkus okys ,d ,sls _.k fy[kr ls gS]
ftldh ifjiDork vof/k ,d o"kZ ;k blls vf/kd gS rFkk bls futh fu;kstu vk/kkj ij tkjh fd;k x;k gSA
a
¼[k½ ^^futh fu;kstu** dk vFkZ gS vkokl foÙk daiuh }kjk xSj turk vifjorZuh; fMcsapjksa dks ,slh la[;k ds pqfuank
vfHknkudÙkkZvksa dks ,oa ,slh vfHknku jkf'k dks vkosfnr djuk gks tksfd jk"Vªh; vkokl c®d }kjk le;≤
ij fofu£n"V dh tk,A
¼x½
^^lkoZtfud fuxZe** dk vFkZ gS fdlh vkokl vkokl foÙk daiuh }kjk turk dks fooj.k i= ds ek/;e ls
vkosfnr izfrHkwfr;ksa ds fy, vkea=.k nsukA
¼2½ ;gka iz;ksx fd, x, 'kCn vFkok vfHkO;fDr tks fd ;gka ifjHkkf"kr ugha gS ijarq jk"Vªh; vkokl c®d vf/kfu;e] 1987 esa
ifjHkkf"kr g®] mudk ogh vFkZ vksxk tks fd ogka fu£n"V fd;k x;k gSA vU; dksbZ 'kCn vFkok vfHkO;fDr tks fd jk"Vªh; vkokl
c®d] 1987 esa ifjHkkf"kr ugha g®] mudk vFkZ ogha gksxk tks fd Hkkjrh; fjtoZ c®d vf/kfu;e] 1934 ¼1934 dk 2½] c®ddkjh
fofu;e vf/kfu;e] 1944 ¼1949 dk 10½] daiuh vf/kfu;e] 1956 ¼1956 dk 1½] daiuh vf/kfu;e] 2013 ¼2013 dk
18½ ,oa Hkkjrh; izfrHkwfr ,oa fofue; cksMZ vf/kfu;e] 1992 ¼1992 dk 18½ esa fu£n"V fd;k x;k gSA
3- fuxZe dk mn~ns';%&&
¼1½ ,d vkokl foÙk daiuh vius rqyu i= esa fuf/k;ksa ds vfHkfu;kstu gsrq vifjorZuh; fMcsapjksa dk fuxZeu djsxhA
¼2½ dksbZ Hkh vkokl foÙk daiuh viuh lewg laLFkkvksa@ewy daiuh@lg;ksfx;ksa ds lalk/ku dh vko';drk dks lqxe cukus ds
fy, vifjorZuh; fMcsapjksa dk fuxZeu ugha djsxhA
4- fuxZe gsrq ik=rk
dksbZ Hkh vkokl foÙk daiuh rHkh vifjorZuh; fMcsapjksa ds fuxZeu ds fy, ik= gksxh] ;fn mlds ikl uohure laijhf{kr
rqyui= ds vuqlkj 10 djksM #- dh fuoy Lokf/kdr fuf/k gSA
5- jsfVax vis{kk%
¼1½ ,d ik= vkokl foÙk daiuh tks vifjorZuh; fMcsapj tkjh djuk pkgrh gS] blds fy, fdlh ,d ØsfMV jsfVax
,tsalh ;Fkk&ØsfMV jsfVax bUQkjes'ku l£olsl vkWQ bafM;k fyfeVsM ¼fØfly½ vFkok bUosLVesaV bUQkjes'ku ,aM
ØsfMV jsfVax ,tsalh vkWQ bafM;k fyfeVsM ¼bdjk½] vFkok fn ØsfMV ,ukfyfll ,aM fjlpZ fyfeVsM ¼ds;j½]
vFkok fn fQp jsfVaXl bafM;k izkbosV fyfeVsM vFkok Hkkjrh; izfrHkwfr ,oa fofu;e cksMZ ls iathd`r vU; dksbZ
,tsalh vFkok bl mn~ns';kFkZ jk"Vªh; vkokl c®d }kjk le; le; ij fofu£n"V dksbZ vU; ØsfMV jsfVax ,tsalhA
¼2½ vkokl foÙk daiuh ds ikl viuh foÙkh; nkf;Roksa dks le; ij iwjk djus laca/kh i;kZIr fMxzh dh lqj{kk dh
U;wure ØsfMV jsfVax gksuh pkfg,A
¼3½ vkokl foÙk daiuh }kjk vifjorZuh; fMcsapjksa ds fuxZeu ds le; ;g lqfuf'pr fd;k tk,xk fd izkIr dh xbZ
jsfVax uohure gS ,oa ;g leh{kk ds fy, ns; ugha gSA
6- ifjiDork%
¼1½ vifjorZuh; fMcsapj fuxZeu dh rkjh[k ls 12 ekg ls de dh vof/k ds fy, tkjh ugha fd, tk,axsA
¼2½ ;fn vifjorZu; fMcsapjksa ds lkFk fodYi pquus dh frfFk ¼iqV@dky½ ;fn dksbZ laca/k gS] rks ;g frfFk fuxZe dh
rkjh[k ls ,d o"kZ dh vof/k ds Hkhrj ugha gksus pkfg,A
¼3½ vifjorZu fMcsapjksa dk foLrkj.k vuqeR; ugha gSA
2764
Hkkjr dk jkti=] vizSy 19] 2014 ¼pS= 29] 1936½
[Hkkx III—[k.M 4
¼4½ vifjorZuh; fMcsapjksa dh vof/k fy[kr dh ØsfMV jsfVax dh ekU; vof/k] ;fn dksbZ gS] ls vf/kd ugha gksuh
pkfg,A
7- fuos'kdksa dh vf/kdre la[;k ,oa izfr fuos'kd U;wure vfHknkfur jkf'k%
¼1½ vkokl foÙk daiuh }kjk vifjorZuh; fMcsapjksa ds ,d fuxZe esa fuos'kdksa dh la[;k 49 ¼mupkl½ rd lhfer
j[kh tk,xh ,oa bu fuos'kdksa dh vfxze igpku daiuh }kjk dh tk,xhA
¼2½ ,d fuos'kd ds fy, U;wure vfHknku jkf'k 25 yk[k #- vkSj blds mijkar 5 yk[k #- ds xq.kkd esa gh gksxhA
8- vifjorZuh; fMcsapjksa ds fuxZe dh jkf'k vkSj lhek,a%
¼1½ vkokl foÙk daiuh }kjk tkjh vifjorZuh; fMcsapjksa dh jkf'k ml lhek ds Hkhrj gksxh tks fd vkokl foÙk daiuh
ds funs'kd eaMy }kjk vuqeksfnr dh xbZ gS vFkok og mfYyf[kr jkf'k ftlds fy, ØsfMV jsfVax ,tsalh }kjk jsfVax
,tsalh }kjk jsfVax iznku dh xbZ gS] esa ls tks Hkh derj gSA
¼2½ vifjorZuh; fMcsapjksa dh dqy izLrkfor tkjh dh tkus okyh jkf'k laca/kh dk;Zokgh vkokl foÙk daiuh }kjk
vfHknku ds fuxZe dks [kksyus dh frfFk ls 30 fnu ds vanj iwjh djuh gksxhA
9- vifjorZuh; fMcsapjksa ds fuxZe gsrq 'krs±%
¼1½ vkokl foÙk daiuh ds ikl lalk/kuksa ds fu;kstu ds fy, funs'kd eaMy ls vuqeksfnr uhfr gksuh pkfg, ,oa bl
uhfr esa vU; ds lkFk&lkFk futh fuxeu ds vk/kkj ij vifjorZuh; fMcsapjksa dh vkof/kdrk ,oa lhek dk
fu;kstu doj gksuk pkfg,A
¼2½ futh fuxeu vk/kkj ij tkjh fd;k tkus okyk izLrko nLrkost fuxZeu ds fy, vf/kdr cksMZ ladYi dh frfFk ls
6 ekg ds Hkhrj tkjh fd;k tkuk pkfg,A
10- fuxZeu gsrq izfØ;k%
¼1½ vkokl foÙk daiuh }kjk laHkkfor fuos'kdksa dks cktkj dh ekud izfØ;k vuqlkj viuh foÙkh; foÙkh; Li"V dh
tk,xhA izLrko nLrkost esa fo'ks"k :i esa] bl izdkj ds izLrko nLrkost dks tkjh djus ds fy, vf/kdr
vf/kdkfj;ksa ds uke ,oa inuke 'kkfey gksus pkfg,aA cksMZ ladYi ,oa izLrko nLrkost esa ml mn~ns'; laca/kh
tkudkjh Hkh 'kkfey gksuh pkfg,] ftlds fy, lalk/ku tqVk, tk jgs g®A izLrk o nLrkost ij ^^dsoy futh
ifjpkyu gsrq** Nik ;k Vafdr gksuk pkfg,A izLrko nLrkost esa lkekU; tkudkjh ;Fkk&vkokl foÙk daiuh ds
jftLVMZ dk;kZy; dk irk] fuxZe ds [kqyus o can gksus dh frfFk] ifjiDork vof/k] C;kt nj vkfn Li"V :i ls
bafxr gksuk pkfg,A
¼2½ vkokl foÙk daiuh ds ys[kk ijh{kd fuos'kdksa dks ;g izekf.kr djsaxs fd vifjorZuh; fMcsapj tkjh djus esa
vkokl foÙk daiuh }kjk bu funsZ'kksa esa nh xbZ lHkh ik=rk 'krs± iwjh dh xbZ gSaA
¼3½ vkokl foÙk daiuh }kjk daiuh vf/kfu;e] 1956 ,oa Hkkjrh; izfrHkwfr vkSj fofue; cksMZ ¼_.k izfrHkwfr fuxZeu
,oa lwph;u½ fofu;e] 2008 ,oa vU; dkuwuh izko/kku tks fd ykxw gks ldrs g®] dk vuqikyu fd;k tk,xkA
¼4½ daiuh vf/kfu;e] 1956 vFkok fuxZe ds tkjh gksus dh frfFk ds le; izHkkoh vU; fdlh dkuwuh izko/kku esa
fu/kkZfjr vof/k ds Hkhrj fMcsapj izek.ki= tkjh fd;k tk,xkA
¼5½ vifjorZuh; fMcsapj] vkokl foÙk daiuh }kjk vuqfu/kkZfjr dwiu nj vafdr ewY; vFkok vafdr ewY; ij thjks
dwiu fy[kr ds #i esa tkjh fd, tk ldrs g®A
11- fMcsapj U;klh%
¼1½ vifjorZuh; fMcsapj tkjh djus okyh izR;sd vkokl foÙk daiuh izR;sd fuxZe gsrq ,d fMcsapj U;klh dh fu;qfDr
djsxhA
Hkkx III—[k.M 4]
Hkkjr dk jkti=] vizSy 19] 2014 ¼pS= 29] 1936½
2765
¼2½ dksbZ Hkh laLFkk tks fd Hkkjrh; izfrHkwfr vkSj fofue; cksMZ ¼fMcsapj U;klh½] fofue;] 1993 ds rgr Hkkjrh;
izfrHkwfr vkSj fofue; cksMZ ls fMcsapj U;klh ds #i esa iathd`r gS] vifjorZuh; fMcsapj ds fuxZe gsrq fMcsapj U;klh
ds #i esa dk;Z djus dh ik= gksxhA
¼3½ jk"Vªh; vkokl c®d }kjk le;≤ ij visf{kr tkudkjh fMcsapj U;klh }kjk miyC/k djkbZ tk,xhA
12- vifjorZuh; fMcsapjksa gsrq lqj{kk doj%
¼1½ vifjorZuh; fMcsapj tkjh djus okyh vkokl foÙk daiuh ;g lqfuf'pr djsxh fd izR;sd le; fcanq ij ;s fMcsapj
iw.kZr;k izfrHkwr@lqjf{kr g®A
¼2½ vxj fuxZe ds pj.kksa esa] lqj{kk doj vi;kZIr gS@l`ftr ugha fd;k gS] fuxZe ls vkus okyh jkf'k izfrHkwfr@lqj{kk
doj l`ftr fd, tkus rd ,LØks ys[kk esa j[kh tk,axh ,oa tks fd fdlh Hkh n'kk esa fuxZe dh rkjh[k ls ,d ekg
ds Hkhrj gksuk pkfg,A
¼3½ mDr vuqPNsn ds izko/kku vkokl foÙk daiuh ¼jk-vk- c®d½ funsZ'k] 2010 esa ifjHkkf"kr ^^ladj _.k** vFkok
^^xkS.k _.k** ftlesa U;wure ifjiDork vof/k 60 ekg ls de dh ugha gS] ds #i esa izkIr jkf'k ij ykxw ugha gksxsaA
13- vewrhZdj.k dks ojh;rk%
gkykafd vkokl foÙk daifu;ksa ds ikl vew£rdr vFkok HkkSfrd Lo:i esa vifjorZuh; fMcsapj tkjh djus dk fodYi
miyC/k gS] daifu;ksa dks fMcsapj vew£rdr Lo:i esa tkjh djus ds fy, izksRlkfgr fd;k tkrk gSA
14- fMcsapjksa ds ,ot esa _.k%
dksbZ Hkh vkokl foÙk daiuh futh fuxe vk/kkj ij vFkok lkoZtfud fuxZe ds :i esa tkjh fd, tkus okys vius fMcsapjksa
dh izfrHkwfr ij _.k ugha nsxkA
15- cksMZ dh fjiksVZ%
vkokl foÙk daiuh vke cSBd esa izR;sd rqyui= ds lkFk layXu dh tkus okyh funs'kd eaMy fjiksVZ esa fuEu lkj.kh
izn£'kr djsxh%&&
¼1½ dqy vifjorZuh; fMcsapj ftuds fy, fuos'kdksa }kjk ugha fd;k x;k gS vFkok ,sls vifjorZuhp fMcsapj tks ekspu
ds fy, ns; gks x, gksa ,oa mudk Hkqxrku vkokl foÙk daiuh }kjk u fd;k x;k gks( ,oa
¼2½ ,sls fMcsapjksa ds laca/k esa dqy jkf'k ftldk nkok u fd;k x;k gks vFkok frfFk tks fd vuqPNsn ¼1½ esa mfYyf[kr
gS ds ckn vns; jkf'kA
16- NwV%
jk"Vªh; vkokl c®d] vxj t#jh le>s rks fdlh dfBukbZ dks jksdus vFkok fdlh vU; Li"V ,oa i;kZIr dkj.k ls bu
funsZ'kksa ds lHkh izko/kkuksa ls vFkok fdlh izko/kku ls lkekU; :i ls vFkok fdlh fofu£n"V vof/k ds fy,] blds }kjk
vf/kjksfir dh tkus okyh 'krks± ds rgr] funsZ'kksa dh vuqikyuk gsrq fdlh vkokl foÙk daiuh vFkok vkokl foÙk daiuh ds
fdlh lewg dks NwV ds fy, le; foLrkj ns ldrk gSA
17- foospuk%
jk"Vªh; vkokl c®d bu funsZ'kksa ds izko/kkuksa dks izHkkoh cukus ds mn~ns'; ls vxj t#jh le>s rks blesa 'kkfey fdlh Hkh
ekeys ds laca/kh esa Li"Vhdj.k gsrq ;k bu funsZ'kksa ds izko/kkuksa dh O;k[;k ds laca/k esa Li"Vhdj.k tkjh dj ldrk gS ,oa jk"Vªh;
vkokl c®d }kjk fd, x, bu funsZ'kksa esa] fdlh Hkh izko/kkuksa dh O;k[;k vafre gksxh ,oa lHkh lacaf/kr i{kksa dks ck/;dkjh
gksxhA
jkt fodkl oekZ
v/;{k ,oa izca/k funs'kd
2766
THE GAZETTE OF INDIA, APRIL 19, 2014 (CHAITRA 29, 1936)
[PART III—SEC. 4
NATIONAL HOUSING BANK
New Delhi, the 19th March 2014
No. NHB.HFC.DIR.10 /CMD/2014--In exercise of the powers conferred by sections 30A and 31 of the
National Housing Bank Act, 1987 (53 of 1987) and of all the powers enabling it in this behalf, the National
Housing Bank, having considered it necessary in the public interest and on being satisfied that for the purpose of
enabling it to regulate the housing finance system of the country to its advantage, it is necessary so to do, hereby
directs that the Housing Finance Companies (NHB) Directions, 2010 (hereinafter referred to as the principal
Directions) shall, with immediate effect, be amended in the following manner, namely-
1. Amendment of paragraph 2
In paragraph 2 of the principal Directions, in sub-paragraph (1), in clause (y),-
(a) in sub-clause (vi), for the words" with an option to convert them into shares" the words" which would
be compulsorily convertible into equity" shall be substituted.
(b) in sub-clause (ix), the following words shall be added at the end, namely-
" provided there is no option for recall by the issuer within the period."
2. Amendment of paragraph 12
In paragraph 12 of the principal Directions, in sub-paragraph (v), the following shall be added at the end,
namely-
"or grant of loan by a problem housing finance company, subject to sub-paragraph (vii) below."
3. Amendment of paragraph 17
In paragraph 17 of the principal Directions,
(a) in sub-paragraph (1), after clause (h), the following shall be inserted, namely -
"(i) the deposits solicited by it are not insured."
(b) after in sub-paragraph (1), the following sub-paragraph (1)(A) shall be inserted, namely-
"(1)(A) Where a housing finance company displays any advertisement in electronic media such as TV, even
without soliciting deposits, it should incorporate a caption/ band in such advertisements indicating the following:
"As regards deposit taking activity of the company, the viewers may refer to the advertisement in the newspa-
per/ information furnished in the application form for soliciting public deposits;
The company is having a valid Certificate of Registration dated xx-xx-xxxx issued by the National Housing
Bank under Section 29A of the National Housing Bank Act, 1987. However, the National Housing Bank does not
accept any responsibility or guarantee about the present position as to the financial soundness of the company or
for the correctness of any of the statements or representations made or opinions expressed by the company and for
repayment of deposits/discharge of the liabilities by the company".
R. V. VERMA
Chairman & Managing Director
PART III—SEC. 4]
THE GAZETTE OF INDIA, APRIL 19, 2014 (CHAITRA 29, 1936)
2767
Housing Finance Companies issuance of Non-Convertible Debentures
on private placement basis (NHB) Directions, 2014
No. NHB.HFC.NCD-DIR. 1 /CMD/2014—The National Housing Bank having considered it necessary in
the public interest and being satisfied that for the purpose of enabling it to regulate the housing finance system of the
country to its advantage, it is necessary to give the Directions mentioned below, hereby in exercise of the powers
conferred by sections 30A and 31 of the National Housing Bank Act, 1987 (53 of 1987) and all the powers
enabling it in this behalf, gives the Directions hereinafter specified.
1. Short title, commencement and applicability of the Directions:
(1)
These Directions shall be known as the Housing Finance Companies issuance of Non-Convertible
Debentures on private placement basis (NHB) Directions, 2014.
(2)
They shall come into force on 1st April 2014.
(3)
Unless otherwise directed by the National Housing Bank, these Directions shall be applicable to every
housing finance company registered under section 29A of the National Housing Bank Act, 1987 (53 of
1987).
2. Definitions:
(1)
In these Directions, unless the context otherwise requires,
(a)
"Non-Convertible Debenture" means a debt instrument issued by a housing finance company with
maturity for one year or more and issued by way of private placement.
(b)
"Private Placement" means non-public offering of Non-Convertible Debentures (NCDs) by housing
finance companies to such number of select subscribers and such subscription amounts, as may be
specified by the National Housing Bank, from time to time.
(c)
"Public Issue" means an invitation by a housing finance company to public to subscribe to the securities
offered through a prospectus.
(2) Words or expressions used but not defined herein and defined in the National Housing Bank Act, 1987
shall have the same meaning as assigned to them therein. Any other words or expressions not defined herein
or in the National Housing Bank Act, 1987 shall have the same meaning as assigned to them in the Reserve
Bank of India Act, 1934 (2 of 1934), Banking Regulation Act, 1949 (10 of 1949), the Companies Act, 1956
(1 of 1956), the Companies Act, 2013 (18 of 2013) and Securities and Exchange Board of India Act, 1992
(15 of 1992).
3. Purpose of the issue:
(1)
A housing finance company shall issue non-convertible debentures for deployment of funds on its
own balance sheet.
(2)
No housing finance company shall issue non-convertible debentures to facilitate resource requests of
group entities/ parent company / associates.
4. Eligibility to issue:
A housing finance company shall be eligible to issue non-convertible debenture if it has the net owned fund
of 10 crores as per the latest audited balance sheet.
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[PART III—SEC. 4
5. Rating Requirement:
(1)
An eligible housing finance company intending to issue non-convertible debentures shall obtain credit
rating for the same from one of the credit rating agencies, viz., the Credit Rating Information Services
of India Ltd. (CRISIL) or the Investment Information and Credit Rating Agency of India Ltd. (ICRA)
or the Credit Analysis and Research Ltd. (CARE), or the FITCH Ratings India Pvt. Ltd or Brickwork
Ratings India Pvt. Ltd or such other agencies registered with Securities and Exchange Board of India
(SEBI) or such other credit rating agencies as may be specified by the National Housing Bank from
time to time, for the purpose.
(2)
The housing finance company should have minimum credit rating of adequate degree of safety regard-
ing timely servicing of financial obligations.
(3)
The housing finance company shall ensure at the time of issuance of the non-convertible debentures
that the rating so obtained is current and has not fallen due for review.
6. Maturity:
(1)
Non-convertible debentures shall not be issued for maturities of less than 12 months from the date
of issue.
(2)
The exercise date of option (put/call), if any, attached to the non-convertible debentures shall not fall
within the period of one year from the date of issue.
(3)
No roll-over of non-convertible debentures is permitted.
(4)
The tenor of the non-convertible debentures shall not exceed the validity period of the credit rating
of the instrument, if any.
7. Maximum number of investors and minimum amount of subscription per investor:
(1)
In an issue of non-convertible debentures, housing finance company shall restrict the number of
investors to 49 (forty nine), identified upfront by such housing finance company.
(2)
The minimum subscription amount for a single investor shall be Rs.25 lakh and in multiples of Rs.5
lakh, thereafter.
8. Limits and the Amount of Issue of non-convertible debentures:
(1)
The aggregate amount of non-convertible debentures issued by a housing finance company shall be
within such limit as may be approved by the Board of Directors of the housing finance company or
the quantum indicated by the Credit Rating Agency for the rating granted, whichever is lower.
(2)
The total amount of non-convertible debentures proposed to be issued shall be completed within a
period of 30 days from the date on which the housing finance company opens the issue for sub-
scription.
9. Conditions for issue of non-convertible debentures:
(1)
A housing finance company shall have in place, a Board approved policy for resource planning
which, inter alia, should cover the planning horizon and the periodicity of private placement of non-
convertible debentures.
(2)
The offer document for private placement should be issued within a maximum period of 6 months
from the date of the Board Resolution authorizing the issue.
PART III—SEC. 4]
THE GAZETTE OF INDIA, APRIL 19, 2014 (CHAITRA 29, 1936)
2769
10. Procedure for Issuance:
(1)
The housing finance company shall disclose to the prospective investors, its financial position as per the
standard market practice. In particular, the offer document should include the names and designations
of the officials who are authorized to issue such offer document. The Board resolution and the offer
document must contain information on purpose for which the resources are being raised. The offer
document may be printed or typed "For Private Circulation Only". General information including the
address of the Registered Office of the HFC, date of opening/ closing of the issue, maturity period,
rate of interest, etc. shall be clearly mentioned in the offer document.
(2)
The auditors of the housing finance company shall certify to the investors that all the eligibility condi-
tions set forth in these directions for the issue of non-convertible debentures are met by the housing
finance company.
(3)
The requirements of all the provisions of the Companies Act, 1956 and the Securities and Exchange
Board of India (Issue and Listing of Debt Securities) Regulations, 2008, or any other law, that may be
applicable, shall be complied with by the housing finance company.
(4)
The Debenture Certificate shall be issued within the period prescribed in the Companies Act, 1956 or
any other law as in force at the time of issuance.
(5)
Non-convertible debentures may be issued at face value carrying a coupon rate or at a discount to
face value as zero coupon instruments as determined by the housing finance company.
11. Debenture Trustee:
(1)
Every housing finance company issuing non-convertible debentures shall appoint a Debenture Trustee
for each issue.
(2)
Any entity that is registered as a Debenture Trustee with the Securities and Exchange Board of India
under the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, shall be
eligible to act as Debenture Trustee for issue of the non-convertible debentures.
(3)
The Debenture Trustee shall submit to the National Housing Bank such information as required by it
from time to time.
12. Security Cover for non-convertible debentures:
(1)
A housing finance company issuing non-convertible debentures shall ensure that at all points of time
such debentures are fully secured.
(2)
In case, at the stage of issue, the security cover is insufficient/ not created, the issue proceeds shall be
placed under escrow until creation of security, which in any case should be within one month from the
date of issue.
(3)
The provisions of the above paragraph shall not apply to any amount received as 'hybrid debt' or
'subordinated debt', as defined in the Housing Finance Companies (NHB) Directions, 2010 having the
minimum maturity period of which is not less than sixty months.
13. Preference for Dematerialization:
While option is available to the housing finance companies to issue non-convertible debentures in demateri-
alized or physical form, they are encouraged to issue debentures in dematerialized form.
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[PART III—SEC. 4
14. Loan against debentures:
No housing finance company shall extend loans against the security of its own debentures issued either by
way of private placement or public issue.
15. Board's report:
The Board's report attached to every balance sheet laid before a housing finance company in general meeting
shall include a statement showing :-
(1)
The total number of non-convertible debentures which have not been claimed by the Investors or not
paid by the housing finance company after the date on which the non-convertible debentures became
due for redemption; and
(2)
The total amount in respect of such debentures remaining unclaimed or unpaid beyond the date re-
ferred to in clause (1) as aforesaid.
16. Exemptions:
The National Housing Bank may, if it considers it necessary for avoiding any hardship or for any other just
and sufficient reason, grant extensions of time to comply with or exempt any housing finance company or class of
housing finance companies, from all or any of the provisions of these Directions either generally or for any specified
period subject to such conditions as the National Housing Bank may impose.
17. Interpretations:
For the purpose of giving effect to the provisions of these directions, the National Housing Bank may, if it
considers necessary, issue necessary clarifications in respect of any matter covered herein and the interpretation of
any provision of these directions given by the National Housing Bank shall be final and binding on all the parties
concerned.
R. V. VERMA
Chairman & Managing Director
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PRINTED BY DIRECTORATE OF PRINTING AT GOVERNMENT OF INDIA PRESS,
N.I.T. FARIDABAD AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI, 2014
www.dop.nic.in
DOPGIPF—[PART III—SEC. 4]—71 + 25 + 25= 121 Copies.