NHB(ND)/DRS/DIR-12-05/ 6059 /2005
November 16, 2005
TO ALL REGISTERED HOUSING FINANCE COMPANIES
Dear Sir,
AMENDMENT TO HOUSING FINANCE COMPANIES
(NHB) DIRECTIONS, 2001
It is herby advised that the provisions relating to paragraph 25, Schedule I (Annual Return) of the captioned Directions have been amended/substituted/modified vide notification No. NHB.HFC.DIR.12 /CMD/2005 dated November 16, 2005 with immediate effect.
2. A copy of the notification is enclosed for ensuring necessary compliance.
Yours faithfully
Sd/-
Regional Manager (Policy)
Department of Regulation & Supervision
Encl: a/a
National Housing Bank
(Wholly Owned by the Reserve Bank of India)
New Delhi
HOUSING FINANCE COMPANIES (NHB) DIRECTIONS, 2001
Direction No. NHB.HFC.DIR.12/CMD/2005 dated November 16, 2005
The National Housing Bank having considered it necessary in the public interest and being satisfied that, for the purpose of enabling the National Housing Bank to regulate the housing finance system in the country to its advantage, it is necessary so to do, 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, directs that the Housing Finance Companies (NHB) Directions, 2001 shall with immediate effect , be further amended in the following manner, namely:-
a) In Paragraph 25, after sub-paragraph-4 the following proviso shall be inserted as (5), viz.
“Every housing finance company shall, separately disclose, in the ‘Notes on Accounts' to the Balance Sheet in its next Annual Report,
• the details of the levy of penalty, if any, imposed on the housing finance company by the National Housing Bank and
• adverse comments, if any, on the housing finance company made in writing by the National Housing Bank on regulatory compliances, with a specific communication to the housing finance company to disclose the same to the public.”
b) In Schedule I (Annual Return) under Part-1, the following shall be inserted as ‘C'
Part-1 (C)
Region-wise break up of Public Deposits held as on March 31,…
(Rs. In Lakhs)
Region @ |
No. of accounts |
Amount |
Northern |
|
|
Eastern |
|
|
Central |
|
|
Western |
|
|
Southern |
|
|
@ Region details
Northern Region:
|
Chandigarh, Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab & Rajasthan.
|
Central Region
|
Chhattisgarh, Madhya Pradesh, Uttar Pradesh & Uttranchal
|
Western Region:
|
Dadra & Nagar Haveli, Daman & Diu, Goa, Gujarat & Maharashtra
|
Eastern Region : |
Andaman & Nicobar Islands, Arunachal Pradesh, Assam, Bihar, Jharkhand, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Sikkim, Tripura & West Bengal
|
Southern Region:
|
Andhra Pradesh, Karnataka, Kerala, Lakshadweep, Pondicherry & Tamil Nadu
|
c) In Schedule I, after Part-5 the following shall be inserted as Part-6
Part-6
FINANCIAL PERFORMANCE OF HFC
(Rs. In Lakhs)
Item |
as at March 31,….. |
1 |
2 |
A. Income (I + ii) |
|
(i) Fund based |
|
(ii) Fee based |
|
B. Expenditure (i+ii+iii) |
|
(i) Financial |
|
(ii) Employees |
|
(iii) Other administrative |
|
C. Tax provisions |
|
D. Net profit |
|
E. Total Assets |
|
• Financial Ratios (as percent of total assets) |
|
(i) Income |
|
(ii) Fund based income |
|
(iii) Fee based income |
|
(iv) Expenditure |
|
(v) Financial Expenditure |
|
(vi) Operating Expenditure |
|
(vii) Other provisions |
|
(viii) Tax provisions |
|
(ix) Net profit |
|
d) In Schedule I under details of the company , after 20 the following shall be inserted as 21 & 22
21. Name of the Chief Executive |
|
21 (a) Phone Number with STD code |
|
21 (b) Mobile Number |
|
21 (c) Fax Number |
|
21 (d) Email |
|
22. Name of the compliance/Nodal Officer |
|
22 (a) Phone Number with STD code |
|
23 (b) Mobile Number |
|
23. (c)Fax Number |
|
23. (d) Email |
|
Sd/-
(P.K. Gupta)
Chairman and Managing Director