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RESERVE BANK OF INDIA (Department of Regulation) NOTIFICATION Mumbai, the 18th November, 2020 No. DOR.049/CGM(MM)2020. - In exercise of the power conferred by section 45-NC of the Reserve Bank of India Act, 1934, and in supersession of the earliernotification No. DOR. 047/CGM (MM)-2019 dated
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FAQ :
Sections 45-IA, 45-IB, and 45-IC of the Reserve Bank of India Act, 1934, will not apply.
These exemptions apply to Non-Banking Financial Companies that are Housing Finance Institutions, as defined in the National Housing Bank Act, 1987.
The exemption is granted by the Reserve Bank of India under the powers conferred by Section 45-NC of the Reserve Bank of India Act, 1934.
Yes, this notification supersedes the earlier notification No. DOR. 047/CGM (MM)-2019 dated 19th November 2019.
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Notification No : No. DOR.049/CGM(MM)–2020Published in Community & General
Source : http://egazette.nic.in/WriteReadData/2020/223173.pdf