National Housing Bank

(Wholly Owned by the Reserve Bank of India)

New Delhi

 

 

 

HOUSING FINANCE COMPANIES (NHB) DIRECTIONS, 2001

 

Direction No. NHB.HFC.DIR. 14/CMD/2005 dated December 19, 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 on it 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:-

 

In paragraph 27, the existing clause may be replaced with the following:

 

“(h) Housing Finance companies (HFCs) may undertake securities transactions through stockbrokers only on NSE/BSE/OTCEI.”

 

 

Sd/-

P.K Gupta

Chairman & Managing Director