Executive Summary:
This notification, dated October 24, 2018, issued by the Ministry of Finance, specifies certain non-banking financial companies as financial institutions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. It lists companies with assets worth five hundred crore rupees and above as per their last audited balance sheet.
Key Points / Main Content:
* **Specification of Financial Institutions:**
* The Central Government specifies certain non-banking financial companies as financial institutions.
* This specification is made under Section 2, Subsection 1, Clause m, Subclause iv of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
* **Asset Threshold:**
* The specified companies have assets worth five hundred crore rupees and above.
* The asset value is based on their last audited balance sheet.
* **List of Specified Companies:**
* The document lists 61 non-banking financial companies along with their asset sizes in Rupees crore.
Impact Analysis:
* **Non-Banking Financial Companies (NBFCs):**
* Impact: Specified NBFCs are now recognized as financial institutions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, which may affect their operational and regulatory requirements.
* Action Required: Review their compliance obligations and operational procedures in light of their new designation as financial institutions under the Act.
* **Central Government:**
* Impact: The Central Government exercises its powers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, to specify certain entities as financial institutions.
* Action Required: Ensure effective monitoring and supervision of the newly specified financial institutions.
* **Financial Sector Regulators:**
* Impact: Regulators may need to adjust their oversight and regulatory frameworks to accommodate the newly specified financial institutions.
* Action Required: Adapt regulatory practices to include the newly specified financial institutions and ensure their compliance.
Key Entities Referenced
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 : A financial law mentioned in the notification, abbreviated as SARFAESI Act.
Ministry of Finance : The Indian government ministry issuing the notification.
New Delhi : The city in India where the notification was issued.
Central Government : The government of India.
Nonbanking Financial Company : A type of financial institution regulated in India.
Vandita Kaul : Jt. Secy. who signed the notification.
Micro Units Development and Refinance Agency Limited : A non-banking financial company.
Tamilnadu Urban Finance and Infrastructure Development Corporation Limited : A non-banking financial company from Tamil Nadu, India.
See Full Document Text
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सं. ((cid:15)पए करोड़ म(cid:19))
1. वध(cid:21)मान हो(cid:25)(cid:26)ड(cid:28)स िलिमटेड 508
2. (cid:30)ूश इंिडया हो(cid:25)(cid:26)ड(cid:28)स !ाइवेट िलिमटेड 511
3. बंगाल एंड असम कंपनी िलिमटेड 526
4. सैलकैप इ%वो&फन इंिडया !ाइवटे िलिमटेड 539
5. (cid:28)लोब &फनकैप िलिमटेड 556
6. कैिपटल *(cid:13)ट िलिमटेड 560
7. +ान इंटर!ाइजेज !ाइवेट िलिमटेड 570
8. पुधौ(cid:15) फाइनि(cid:19) शयल स0वसेज !ाइवेट िलिमटेड 574
9. िड लेग लने डने फाइनि(cid:19) शयल स0वसेज इंिडया !ाइवेट िलिमटेड 598
6217 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
10. िविलयमसन मेगोर एंड कंपनी िलिमटेड 618
11. रेपको माइ(cid:1)ो फाइनस(cid:19) िलिमटेड 636
12. ित(cid:15)मेनी फाइनस(cid:19) !ाइवेट िलिमटेड 639
13. ज1बो &फनवै(cid:13)ट (इंिडया) िलिमटेड 695
14. वो(cid:26)वो फाइनि(cid:19) शयल स0वसेज (इंिडया) !ाइवेट िलिमटेड 710
15. !ूडि(cid:19) शयल मैनेजम(cid:19)ट एंड स0वसजे !ाइवेट िलिमटेड 720
16. इ2ोवेन कैिपटल इंिडया !ाइवेट िलिमटेड 741
17. शरे खान बीएनपी पारीबास फाइन(cid:19)िशयल स0वसेज !ाइवेट िलिमटेड 745
18. ऐस के &फनकॉप(cid:21) !ाइवेट िलिमटेड 799
19. जेन ले&फन !ाइवेट िलिमटेड 840
20. अ1बाड़ी इ%वे(cid:13)टम(cid:19)6स िलिमटेड 900
21. पाट7िसपशे न फाइन(cid:19)स एंड हो(cid:25)(cid:26)ड(cid:28)स (इंिडया) !ाइवेट िलिमटेड 945
22. जेएम फाइन(cid:19)िशयल कैिपटल िलिमटेड 947
23. िनयो8ोथ (cid:1)ेिडट !ाइवेट िलिमटेड 1014
24. &फन:यू(cid:13)ट फाइन(cid:19)िशयल सो(cid:26)यूस%स !ाइवेट िलिमटेड 1049
25. फाइव (cid:13)टार िबजनेस फाइनस(cid:19) िलिमटेड 1065
26. एवा%से फाइनि(cid:19) शयल स0वसेज िलिमटेड 1065
27. फाचू(cid:21)न इंटी8े<टड एसे6स फाइनस(cid:19) िलिमटेड 1087
28. बेल(cid:13)टार इ%वे(cid:13)टम(cid:19)ट एंड फाइनस(cid:19) !ाइवेट िलिमटेड 1096
29. िवस ुिल(cid:25)जग एंड फाइनस(cid:19) !ाइवेट िलिमटेड 1163
30. (cid:13)मॉल िबजनसे &फन(cid:1)ेिडट इंिडया !ाइवेट िलिमटेड (पूव(cid:21)वत7 मेप &फनसव(cid:21) !ाइवेट िलिमटेड) 1350
31. इ&>टास हो(cid:25)(cid:26)ड(cid:28)स िलिमटेड 1692
32. जागरण मीिडया नेटवक(cid:21) इ%वे(cid:13)टम(cid:19)ट !ाइवेट िलिमटेड 2247
33. बंधन फाइनि(cid:19) शयल हो(cid:25)(cid:26)ड(cid:28)स िलिमटेड 2593
34. आईडीएफसी इ%?ा(cid:13)*:चर फाइन(cid:19)स िलिमटेड 2837
35. नादन(cid:21) आक(cid:21) कैिपटल िलिमटेड 3390
36. Aीराम कैिपटल िलिमटेड 4247
37. आईवीएल फाइन(cid:19)स िलिमटेड 4406
38. वधावन (cid:28)लोबल कैिपटल िलिमटेड (पूव(cid:21)वत7 वधावन (cid:28)लोबल कैिपटल !ाइवेट िलिमटेड) 5145
39. एल एंड टी इ%?ा(cid:13)*:चर डेवलपम(cid:19)ट !ोजे:6स िल. 5370
40. टीएमएफ हो(cid:25)(cid:26)ड(cid:28)स िलिमटेड 5510
41. आ&दBय िबरला कैिपटल िलिमटेड 7581
42. िसकॉम िलिमटेड 7916
43. जीएमआर इंटर!ाइजेज !ाइवेट िलिमटेड 8058
44. मंडवा हो(cid:25)(cid:26)ड(cid:28)स !ाइवेट िलिमटेड 8686
45. माइ(cid:1)ो यिू न6स डवे लपम(cid:19)ट एंड <रफाइनस(cid:19) एज(cid:19)सी िलिमटेड 10159¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 3
46. <रलायंस कम0शयल फाइनस(cid:19) िलिमटेड (पूव(cid:21)वत7 <रलायसं िग(cid:26)6स िलिमटेड) 13927
47. Aेई इ%?ा(cid:13)*:चर फाइन(cid:19)स िलिमटेड 16601
48. इ%?ा(cid:13)*:चर िल(cid:25)जग एंड फाइन(cid:19)िशयल स0वसेज िलिमटेड 19519
49. एल एंड टी इ%?ा(cid:13)*:चर फाइनस(cid:19) कंपनी िलिमटेड 25845
50. तिमलनाडु अब(cid:21)न फाइनस(cid:19) एंड इ%?ा(cid:13)*:चर डवे लपम(cid:19)ट कारपोरेशन िलिमटेड 623
51. आईएफसीआई व(cid:19)चर कैिपटल फंDस िलिमटेड 650
52. पंजाब (cid:13)टेट इंडि(cid:13)*यल डवे लपमट(cid:19) कारपोरेशन िलिमटेड 660
53. तिमलनाडु इंडि(cid:13)*यल डवे लपमट(cid:19) कारपोरेशन िलिमटेड 898
54. केरल (cid:13)टेट इंडि(cid:13)*यल डवे लपम(cid:19)ट कारपोरेशन िलिमटेड 1545
55. टू<रEम फाइन(cid:19)स कारपोरेशन आफ इंिडया िलिमटेड 1825
56. ह<रयाणा (cid:13)टेट इंडि(cid:13)*यल एंड इ%?ा(cid:13)*:चर डवे लपम(cid:19)ट कारपोरेशन िलिमटेड 3442
57. इंिडयन <र%यूवेबल एनज7 डवे लपम(cid:19)ट एज(cid:19)सी िलिमटेड 18080
58. इंिडया इ%?ा(cid:13)*:चर फाइनस(cid:19) कंपनी िलिमटेड 42479
59. इंिडयन रेलवे फाइनस(cid:19) कारपोरेशन िलिमटेड 123811
60. Gरल इले:*ी&फकेशन कारपोरेशन िलिमटेड 235218
61. पॉवर फाइनस(cid:19) कारपोरेशन िलिमटेड 277419
[फा.सं. 31/52/2018-डीआरटी]
वि(cid:13)दता कौल, सयं ु" सिचव
MINISTRY OF FINANCE
( Department of Financial Services)
NOTIFICATION
New Delhi, the 24th October, 2018
S.O. 5391(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),
the Central Government hereby specifies the following non-banking financial companies, having assets worth of five
hundred crore rupees and above as per their last audited balance sheet, as financial institution, namely:-
S.No. Name of the non-banking financial company Asset Size
(in Rs. crore)
1. Vardhman Holdings Limited 508
2. Deutsche India Holdings Private Limited 511
3. Bengal and Assam Company Limited 526
4. Cellcap Invofin India Private Limited 539
5. Globe Fincap Limited 556
6. Capital Trust Limited 560
7. Gyan Enterprises Private Limited 570
8. Pudhuaaru Financial Services Private Limited 574
9. De Lage Landen Financial Services India Private Limited 598
10. Williamson Magor and Company Limited 618
11. Repco Micro Finance Limited 6364 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
S.No. Name of the non-banking financial company Asset Size
(in Rs. crore)
12. Thirumeni Finance Private Limited 639
13. Jumbo Finvest (India) Limited 695
14. Volvo Financial Services (India) Private Limited 710
15. Prudential Management and Services Private Limited 720
16. Innoven Capital India Private Limited 741
17. Sharekhan BNP Paribas Financial Services Private Limited 745
18. Ess Kay Fincorp Private Limited 799
19. Zen Lefin Private Limited 840
20. Ambadi Investments Limited 900
21. Participation Finance and Holdings (India) Private Limited 945
22. JM Financial Capital Limited 947
23. Neogrowth Credit Private Limited 1014
24. Finquest Financial Solutions Private Limited 1049
25. Five Star Business Finance Limited 1065
26. Avanse Financial Services Limited 1065
27. Fortune Integrated Assets Finance Limited 1087
28. Belstar Investment and Finance Private Limited 1096
29. Visu Leasing and Finance Private Limited 1163
30. Small Business Fincredit India Private Limited (Previously Mape Finserve Private
Limited ) 1350
31. Equitas Holdings Limited 1692
32. Jagran Media Network Investment Private Limited 2247
33. Bandhan Financial Holdings Limited 2593
34. IDFC Infrastructure Finance Limited 2837
35. Northern Arc Capital Limited 3390
36. Shriram Capital Limited 4247
37. IVL Finance Limited 4406
38. Wadhawan Global Capital Limited (Previously Wadhawan Global Capital Private
Limited) 5145
39. L&T Infrastructure Development Projects Limited 5370¹Hkkx IIµ[k.M 3(ii)º Hkkjr dk jkti=k % vlk/kj.k 5
S.No. Name of the non-banking financial company Asset Size
(in Rs. crore)
40. TMF Holdings Limited 5510
41. Aditya Birla Capital Limited 7581
42. Sicom Limited 7916
43. GMR Enterprises Private Limited 8058
44. Mandava Holdings Private Limited 8686
45. Micro Units Development and Refinance Agency Limited 10159
46. Reliance Commercial Finance Limited (Formerly Reliance Gilts Limited) 13927
47. Srei Infrastructure Finance Limited 16601
48. Infrastructure Leasing and Financial Services Limited 19519
49. L&T Infrastructure Finance Company Limited 25845
50. Tamilnadu Urban Finance and Infrastructure Development Corporation Limited 623
51. IFCI Venture Capital Funds Limited 650
52. Punjab State Industrial Development Corporation Limited 660
53. Tamilnadu Industrial Development Corporation Limited 898
54. Kerala State Industrial Development Corporation Limited 1545
55. Tourism Finance Corporation of India Limited 1825
56. Haryana State Industrial and Infrastructure Development Corporation Limited 3442
57. Indian Renewable Energy Development Agency Limited 18080
58. India Infrastructure Finance Company Limited 42479
59. Indian Railway Finance Corporation Limited 123811
60. Rural Electrification Corporation Limited 235218
61. Power Finance Corporation Limited 277419
[F. No. 31/52/2018–DRT]
VANDITA KAUL, Jt. Secy.
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.