NHB extends the due date for submission of various returns to the Department of Supervision

Apr 13, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The National Housing Bank (NHB) on April 02, 2020, has extended the due date for submission of various returns to the Department of Supervision (DoS) under the provisions of the Housing Finance Companies (NHB) Directions, 2010 due to the outbreak of COVID-19 pandemic. 

Therefore, NHB has decided the followings:-

a) extend the due date of all monthly returns, which will become due for submission upto June 30, 2020, for a further period of 15 days from the prescribed due date of submission of the returns respectively; and

b) extend the due date of all quarterly, half-yearly and annual returns, which will become due for submission upto June 30, 2020, for a further period of 30 days from the prescribed due date of submission of the returns respectively.

The above extension will not be applicable to returns or information which are to be reported as-and-when basis. The HFCs capable of submitting the returns earlier on best effort basis may continue to do so.

[NHB Circular No. NHB(ND)/ DoS/DMC.02.04.2020/2019-20]


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