Pages

Subscribe:

Labels

REGISTRATION OF HOUSING FINANCE COMPANY

 

Ozg NBFC Consultant


Ozg Center, New Delhi & Mumbai 


Phone # 09811415861-72-84-92-94

Email: ask@nbfcregistration.com


To
The General Manager,
Department of Regulation & Supervision,
National Housing Bank,

NEW DELHI -110 003

Dear Sir,
THE NATIONAL HOUSING BANK ACT, 1987
APPLICATION FOR CERTIFICATE OF REGISTRATION TO COMMENCE
THE BUSINESS OF A HOUSING FINANCE INSTITUTION

We make this application in terms of Section 29A of the captioned Act for issue of a Certificate of Registration (COR). The required documents/information as per the instructions are enclosed.

2. We are desirous of commencing the business of a housing finance company. We, therefore, request you to issue the necessary Certificate of Registration under Section 29A of the said Act to enable our company to commence the business of a housing finance institution.

3. We declare that to the best of our knowledge and belief the information furnished in the statements enclosed is true, correct and complete.

Yours faithfully,
[Name and Designation]
Common Seal of the Company
Date:
Place: 


Encl:
  • Certified copy of the Memorandum & Articles of Association
  •  
  • Particulars of identification- as Annexure-1 
  •  
  • Particulars of Chairman/MD/Directors/CEO etc.- as Annexure-2 

  • Financials for the last three years- as Annexure-3 [if applicable] 

  • Board Resolution specifically approving the submission of the application and its content- as Annexure-3 

  • Return on Prudential Norms for the latest period as Annexure-5 [if applicable]

INSTRUCTIONS FOR FILLING UP THE APPLICATION  
GENERAL
  1. => Application should be made in the prescribed form only. Wherever space is insufficient, information may be furnished in separate sheet/s, duly indicating the cross reference.

  2. => Application along with enclosures duly completed should be submitted in duplicate, to The General Manager, Department of regulation & Supervision, National Housing Bank, Core 5A, India Habitat Centre, Lodhi Road, New Delhi-110 003.

  3. => A photo-copy of the application as submitted may be retained with the company for its reference and record.
  1. => Application should be signed by any of the following officials authorised by the Board of Directors of the company in this behalf (viz., Chairman, Managing Director, Chief Executive Officer, Company Secretary, A whole time Director).

  2. => Application should bear the common seal of the company.

  1. => An acknowledgment for having submitted the application should be obtained.

  1. => The particulars/information to be furnished in Annexure-IV of the application should be based on figures as disclosed in the latest annual audited balance-sheet of the company.

ANNEXURE-I
  1. => S. No. (8) In case the company has changed its name earlier, a list of all the earlier names of the company and date/s of change together with the names of Chief Executive Officer and Chairman at the time of change of name should be furnished.

  2. => S.No.8 (a) in Annexure I is applicable to those companies which was incorporated with the main object clause other than housing finance and subsequently switched over to housing finance as a principal business and still valid as on the date of submission of the application form.

  3. => S. No. 8 (b) If the company has ever defaulted in timely repayment of deposit and payment of interest, a list of all such pending cases and the action taken in respect of each case should be furnished. The company should also submit a list containing the details of all the court cases pending against it, including those pending in consumer forum, pertaining to its deposit acceptance activities.

ANNEXURE-IV 

La test return relating to prudential norms, as certified by the Auditors to be enclosed. The format should be as given in the Housing Finance Companies (NHB) Directions, 2001 (Format available on Bank's website: nhb.org.in

ANNEXURE-1

PARTICULARS OF IDENTIFICATION
(To be filled in BLOCK LETTERS)
 
 
Company Code-------------
(To be filled by NHB)
1. Name of the Company  
2. Date of incorporation:
3. Date of commencement of business
-(if applicable)
4. State in which the company is registered  
5. Full Address of the registered Office with Phone Number (with STD code), Fax Number and Email address
6. Full Address of Corporate/Administrative Office with Phone Number (with STD code), Fax Number and Email address
7. Status: (strike out whichever is not applicable) (a) Public Limited Company
(b) Private Limited Company
(c) Deemed public
(d) Government company
(e) Other (to be specified)
8. Whether the company is transacting the principal business of housing finance- (if applicable)
Yes/No
If yes-
(a)  the date of commencement of such business
(b)  Whether the company has defaulted in the repayment of principal and/or payment of interest of deposits
Yes/No
9. No. of branches/ offices
(To be furnished State-wise)
10. Number of employees (Organisation chart Head Office/Branch to be furnished separately)
11. Name and address of Statutory Auditors with Membership No, Telephone number, Mobile Number and Email address
12. Name(s) & Address(es) of bankers with Telephone/Fax Numbers
 
13. Particulars of Bank A/c: Type of account/ credit facility enjoyed
 
14. Names and addresses of the non-banking financial institutions with which the company has links in any manner
15. Name and Designation of CEO/Authorised official with Telephone, Mobile, Fax numbers and Email Address
Common Seal of the Company
Signature of the Authorised Official:
Name:
Designation:
Date:
Place:


Ozg NBFC Consultant


Ozg Center, New Delhi & Mumbai 



Phone # 09811415861-72-84-92-94



Website: http://nbfc.ozg.in


Email: ask@nbfcregistration.com


ANNEXURE-2
INFORMATION ABOUT THE PROMOTERS, CHAIRMAN, MANAGING DIRECTOR, DIRECTORS AND THE CHIEF EXECUTIVE OFFICER OF THE COMPANY.
(SEPARATE FORM FOR EACH FUNCTIONARY)
Name of the Company: __________________
I
PERSONAL DETAILS OF PROMOTERS, CHAIRMAN, MANAGING DIRECTOR, DIRECTORS AND THE CHIEF EXECUTIVE OFFICER OF THE COMPANY
a.
Full name
b.
Date of Birth  
c.
Educational Qualifications
d.
Relevant Background and Experience
e.
Permanent Address  
f.
Present Address  
g.
E-mail Address / Telephone Number
h.
(a) Permanent Account Number under the Income Tax Act and name and address of Income Tax Circle
(b) Director Identification Number (DIN*)
* It is an unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 266A & 266B of the Companies Act, 1956 (as amended vide Act No 23 of 2006)
i.
Relevant knowledge and experience
j.
Any other information relevant to Directorship of the HFC
  II
RELEVANT RELATIONSHIPS OF DIRECTOR  
a.
List of Relatives if any who are connected with the HFC (Refer Section 6 and Schedule 1A of the Companies Act, 1956)
b.
List of entities if any in which he/she is considered as being interested (Refer Section 299(3)(a) and Section 300 of the Companies Act, 1956)
c.
List of entities in which he/she is considered as holding *substantial interest.
d.
Name of HFC in which he/she is or has been a member of the board (giving details of period during which such office was held)
e.
Fund and non-fund facilities, if any, presently availed of by him/her and/or by entities listed in II (b) and (c) above from the HFC.
f.
Cases, if any, where the director or entities listed in II (b) and (c) above are in default or have been in default in the last five years in respect of credit facilities obtained from the HFC or any other HFC.
  III
RECORDS OF PROFESSIONAL ACHIEVEMENTS
 
a.
Professional achievements relevant
IV
PROCEEDINGS, IF ANY, AGAINST THE PROMOTERS, CHAIRMAN, MANAGING DIRECTOR, DIRECTORS AND THE CHIEF EXECUTIVE OFFICER OF THE COMPANY
 
a.
If the director is a member of a professional association/body, details of disciplinary action, if any, pending or commenced or resulting in conviction in the past against him/her or whether he/she has been banned from entry of at any profession/ occupation at any time.
b.
Whether associated as Promoter, Chairman, MD, Director with any HFC, NBFC including a Residuary Non- Banking Financial Company which has been prohibited from ccepting deposits/prosecuted by RBI/NHB
If yes, the name/s of the company/ies
c.
Details of prosecution, if any, pending or commenced or resulting in conviction in the past against the director and/or against any of the entities listed in II (b) and (c) above for violation of economic laws and regulations
d.
Details of criminal prosecution, if any, pending or commenced or resulting in conviction in the last five years against the director
e.
Whether the director attracts any of the disqualifications envisaged under Section 274 of the Company's Act 1956?

f.
Has the director or any of the entities at II (b) and (c) above been subject to any investigation at the instance of Government department or agency?
g.
Has the director at any time been found guilty of violation of rules/regulations/ legislative requirements by customs/ excise /income tax/foreign exchange /other revenue authorities, if so give particulars
h.
Whether the director at any time come to the adverse notice of a regulator such as SEBI, IRDA, DCA.
V
ANY OTHER EXPLANATION / INFORMATION IN REGARD TO ITEMS I TO III AND OTHER INFORMATION CONSIDERED RELEVANT FOR JUDGING FIT AND PROPER
 
 
UNDERTAKING:  
I confirm that the above information is to the best of my knowledge and belief true and complete. I undertake to keep the NHB fully informed, as soon as possible, of all events which take place subsequent to the information provided above.

Place: Signature of Authorised Signatory
Designation:
Date
*‘Substantial interest' means holding of beneficial interest by an individual or his/her spouse or minor child, whether singly or taken together in shares of a company/capital of a firm, the amount paid up on which exceeds 10% of the paid up capital of the company or total capital subscribed by all the partners of a partnership firm.
 

Ozg NBFC Consultant


Ozg Center, New Delhi & Mumbai 



Phone # 09811415861-72-84-92-94



Website: http://nbfc.ozg.in


Email: ask@nbfcregistration.com


ANNEXURE-3
 
Name of the Company: __________________________________  
SUMMARY OF FINANCIAL POSITION AND OTHER INFORMATION


Amount-Rs lakhs
S. No
A. FINANCIAL POSITION
31/03/
31/03/
31/03/
1
Paid up Capital
2
Reserves and Surplus
3
Net Owned Fund [as per return on Prudential Norms]
4
Secured Loans
5
Unsecured Loans
 
(i) Public deposits
 
(ii) Other deposits/borrowings
 
(iii) Aggregate Deposits
6
Loan Funds [4+5(i)+(ii)]
7
Total Funds Employed(3+6)
 
Towards :
8
Housing Loans[outstanding and % of total assets]
9
Other Loans
10
Fixed Assets
11
Investments
 
(i) Govt. guaranteed Bonds
 
(ii) Quoted shares
 
(iii) Un-quoted shares
12
Current Assets, Loans & Advances
13
LESS : Current Liabilities & Provisions
14
Net Current Assets(12-13)
15
TOTAL
 
B. WORKING RESULTS
16
Income
17
Expenditure
18
Profit Before Tax(16-17)
19
Provision for Tax
20
Profit After Tax(18-19)
21
(a) Amount transferred to Reserve Fund
 
(b) Amount available for appropriation
 
C. OTHER INFORMATION
22
Dividend (%)
23
Earning Per Share
24
Price-Earning Ratio
25
Housing Loans actually disbursed
26
Percentage of over-dues (3 months and above)
27
Admin. Cost-% to outstanding loans
28
IMPORTANT RATIOS:
 
a] Liquidity Ratio :
 
Current Ratio
 
b] Debt Equity Ratio:
 
Loan Funds to Owned Fund
 
I) Interest Coverage Ratio [times][PBIT/Interest]
 
(ii) Return on Equity(PAT*100/Interest)
 
(iii) Return on Total Assets[PAT*100/Total Assets]
 
d] Capital Adequacy Ratio (%)
29
Non-performing assets (Amt. and % to total assets)
30
Asset quality:
 
(a) Standard
 
(b) Sub-standard
 
(c) Doubtful
 
(d) Loss assets
31
Income not recognised
32
Provision made for NPAs
33
Liquid assets maintained and shortfall, if any:
 
(i) April-June
 
(ii) July-September
 
(iii) October-December
 
(iv) January-March
34
Position of submission of returns (date):
 
(a) Annual Return
 
(b) Annual Report/Audited Balance Sheet
 
(c) Auditors' Certificate
 
(d) Advertisement or statement in lieu of advertisement
 
(e) Half yearly return on prudential norms:
 
(i) April-September
 
(ii) October-March
 
(f) Quarterly return on liquid assets:
 
(i) April-June
 
(ii) July-September
 
(iii) October-December
 
(iv) January-March
35
Credit rating and validity date

Notes:
  1. Position of rectification of deficiencies outstanding, if any, pointed out by NHB [Item-wise position] to be given in a separate sheet. 
  2. Annual reports along with audited balance sheet and profit and loss account for the three years should be enclosed.
  3. Present shareholding pattern of the company to be furnished separately.
SIGNATURE OF THE AUTHORISED SIGNATORY
DESIGNATION:
Date:


Ozg NBFC Consultant


Ozg Center, New Delhi & Mumbai 



Phone # 09811415861-72-84-92-94



Website: http://nbfc.ozg.in


Email: ask@nbfcregistration.com