REG - Housing Dev Fin Corp - Intimation under Reg 30 of SEBI Listing Regulation

Housing Development FinanceAnnouncement

23/03/2020 07:00

RNS Number : 1118H
  
Housing Development Fin. Corp. Ltd.
  
21 March 2020
  
 

 
Ref. No.: SE/2019-20/355
 
March 21, 2020
 
BSE Limited                                                   National Stock Exchange of India Limited
P. J. Towers                                                     Exchange Plaza, Plot No. C/1, G Block
Dalal Street                                                     Bandra-Kurla Complex
Mumbai 400 001                                             Bandra (East), Mumbai 400 051
 
Kind Attn: Sr. General Manager                    Kind Attn: Head - Listing 
  DCS - Listing Department
 
 
Dear Sirs,
 
Sub:    Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
 
In accordance with the captioned regulations and the circular issued by National Housing Bank (NHB) bearing reference number NHB(ND)/DRS/Policy Circular No.93/2018-19 dated February 15, 2019, we wish to inform you that NHB has vide its letter dated March 16, 2020, which was received by the Corporation on March 20, 2020, imposed a monetary penalty of Rs. 85,000 plus GST on the Corporation for non-compliance with two provisions of the Housing Finance Companies (NHB) Directions, 2010 during the financial year 2017-18.
 
The penalty has been imposed in exercise of powers vested under Section 52(A) of the National Housing Bank Act, 1987. 
 
You are requested to take note of the above and arrange to bring this to the notice of all concerned.
 
Thank you,
 
Yours faithfully,
For Housing Development Finance Corporation Ltd.
 
 
Ajay Agarwal
Company Secretary
 
CC: London Stock Exchange
       10, Paternoster Square, London, EC4M 7LS


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