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of <h1>SEBI Designates NBFCs as Qualified Buyers Under SARFAESI Act, 2002; New Rules to Prevent Access to Secured Assets</h1> The Securities and Exchange Board of India (SEBI) issued a notification on February 28, 2025, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. This notification specifies that all non-banking financial companies, including housing finance companies regulated by the Reserve Bank of India, are designated as qualified buyers under the Act. They must ensure that defaulting promoters or related parties do not gain access to secured assets through security receipts. Additionally, these companies must adhere to conditions specified by the Reserve Bank of India. This notification supersedes a previous one from March 31, 2008.
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