This notification, issued by the Reserve Bank of India (RBI) on November 18, 2020, exempts Housing Finance Institutions (HFIs) from certain provisions of the Reserve Bank of India Act, 1934. Specifically, Sections 45IA, 45IB, and 45IC of the Act will not apply to non-banking financial companies that are defined as HFIs under clause (d) of section 2 of the National Housing Bank Act, 1987. This notification, numbered DOR.049/CGM-MM-2020, supersedes the earlier notification DOR.047/CGM-MM-2019 dated November 19, 2019. The notification is issued under the authority of Section 45NC of the Reserve Bank of India Act, 1934. The issuing authority is the Department of Regulation, Reserve Bank of India. The Chief General Manager, Manoranjan Mishra, signed the notification.
Key Entities Referenced
Reserve Bank of India: The central bank of India, which issued the notification.
Mumbai, Maharashtra: The city in Maharashtra where the notification was issued by the Reserve Bank of India.
Reserve Bank of India Act, 1934: An act of the Indian Parliament governing the Reserve Bank of India.
National Housing Bank Act, 1987: An act related to the National Housing Bank and Housing Finance Institutions in India.
Housing Finance Institution: A type of non-banking financial company defined in the National Housing Bank Act, 1987.
Section 45NC: A section of the Reserve Bank of India Act, 1934, granting powers to the Reserve Bank of India.
Sections 45IA, 45IB and 45IC: Sections of the Reserve Bank of India Act, 1934, which the notification states will not apply to certain Housing Finance Institutions.
Manoranjan Mishra: Chief General Manager at Reserve Bank of India.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-18112020-223173
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CG-MH-E-18112020-223173
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 498] नई कदल्ली, ब धर्ार, नर्म्ब र 18, 2020/कार्ततक 27, 1942
No. 498] NEW DELHI, WEDNESDAY, NOVEMBER 18, 2020/KARTIKA 27, 1942
भारतीय ररिर् वबकैं
(जर्जनयमन जर्भाग)
अजधसचू ना
म ंबई, 18 नर्म् बर, 2020
स.ं जर्जर्. 049/मम प्र (एमएम)-2020.—भारतीय ररिर्व बैंक अजधजनयम, 1934 की धारा 45-एनसी द्वारा
प्रदत्त िजियों का प्रयोग करके और पूर्व म ें 19 नर्ंबर 2019 को इस जर्षय पर िारी अजधसचू ना संख्या जर्जर्. 047/म मप्र
(एमएम)-2019 (19 नर्ंबर 2019 के भारत के रािपत्र के खडं 4 के असाधारण- भाग-तृतीय म ें प्रकाजित) का अजधक्रमण
करते हुए, भारतीय ररिर् व बैंक संत ष्ट होकर कक यह ककया िाना आर्श्यक ह,ै यह घोषणा करता ह ै कक भारतीय ररिर्व बैंक
अजधजनयम, 1934 (1934 के 2) की धारा 45-आईए, 45-आईबी और 45-आईसी के प्रार्धान ऐसे ककसी गैर-बैंककग
जर्त्तीय कंपनी पर लागू नहीं होंगे िो राष्ट्रीय आर्ास बैंक अजधजनयम, 1987 (1987 के 53) की धारा 2 के खंड (डी) म ें
पररभाजषत आर्ास जर्त्त संस्ट्थान ह।ै
मनोरंिन जमश्रा, म ख्य महाप्रबंधक
[जर्ज्ञापन-III/4/असा./367/2020-21]
5599 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
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 earlier notification No. DOR. 047/CGM (MM)-
2019 dated 19th November, 2019 (published in Extraordinary- Part III – Section 4 of the Gazette of India
dated 19th November 2019) on the subject, the Reserve Bank of India, on being satisfied that it is necessary
to do, hereby declares that the provisions of Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India
Act, 1934 (2 of 1934) shall not apply to a non-banking financial company which is a Housing Finance
Institution as defined in clause (d) of section 2 of the National Housing Bank Act, 1987 (53 of 1987).
MANORANJAN MISHRA, Chief General Manager
[ADVT.-III/4/Exty./367/2020-21]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.