In exercise of the powers conferred by sub-clause (iv) of clause (m) of sub-section (1) of section 2 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), and in supersession of the notifications of the Government of India, Ministry of Finance numbers S.O.1282 (E), dated the 10th November 2003, S.O. 1083 (E) dated 16th March 2006, S.O. 2757 dated 19th September 2007, S.O. 1516(E) dated 23rd June 2010, S.O. 3466 (E) dated 18th December 2015, and S.O.404(E) dated 22nd January 2018, except as respects things done or omitted to be done before such supersession, the Central Government specifies:
"such housing financial companies registered under sub-section (5) of section 29A of the National Housing Bank Act, 1987 (53 of 1987), having assets worth rupees one hundred crore and above, as financial institutions for the purposes of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act.)"
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