The Reserve Bank of India through circular dated August 25, 2021 has notified Housing Finance Companies (HFCs) as ‘Financial Institutions’. The HFCs registered under of National Housing Bank Act, 1987 and having assets worth ₹100 crore & above, shall qualify as ‘Financial Institution’ under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
New Regulations for Consumer Grievances Redressal in Goa and UTs
The Joint Electricity Regulatory Commission (JERC) has announced the Consumer Grievances Redressal Forum and Ombudsman Regulations, 2024, which supersedes the 2019 regulations. Under these new