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Penalties

Penalties

Regulatory Procedure

Bajaj Housing Finance Limited (BHFL) has been incorporated as a housing finance company under the Companies Act, 1956, regulated by the National Housing Bank (NHB).

Sr. no. Reporting Body Description
1 NHB "NHB in exercise of the powers vested with it under the National Housing Bank Act, 1987 has imposed penalty of Rs. 5,000/- on 06/11/2019" on account of contravention of para 10 (5) of issuance of NCDs on private placement basis (NHB) Direction, 2014."
2 NHB "NHB in exercise of the powers vested with it under the National Housing Bank Act, 1987 has imposed penalty of Rs. 50,000/- on 01/09/2020 on account of contravention of para 27A of the Housing Finance Companies (NHB) Directions, 2010 and para 10 (2) of issuance of NCDs on private placement basis (NHB) Direction, 2014"