The Securities and Exchange Board of India (SEBI) on February 28, 2025, issued certain conditions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.
It is stated that all non-banking financial companies including housing finance companies, regulated by the Reserve Bank of India, are hereby specified as qualified buyers for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 subject to the following conditions:
• Such non-banking financial companies including housing finance companies shall ensure that the defaulting promoters or their related parties do not directly or indirectly gain access to secured assets through security receipts; and
• Such non-banking financial companies including housing finance companies shall comply with such other conditions as the Reserve Bank of India may specify from time to time.
[Notification No. SEBI/LAD-NRO/GN/2025/232]
