Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Statutory Provisions

Home Acts & Rules Bill Bills FINANCE (No. 2) BILL, 2019 Chapters List Part VII AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 This

Clause 155 - Amendment of section 29C. - FINANCE (No. 2) BILL, 2019

FINANCE (No. 2) BILL, 2019
Part VII
AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987
  • Contents

Amendment of section 29C.

155. In section 29C of the principal Act, in sub-section (2),––

(a) for the words “specified by the National Housing Bank”, the words “specified by the Reserve Bank” shall be substituted;

(b) for the words “reported to the National Housing Bank”, the words “reported to the National Housing Bank and the Reserve Bank” shall be substituted;

(c) in the proviso, for the words “Provided that the National Housing Bank”, the words “Provided that the National Housing Bank or the Reserve Bank” shall be substituted;

(d) in sub-section (3), for the words “the National Housing Bank”, the words “the Reserve Bank” shall be substituted.

 



 

Notes on Clauses:

Clause 155 of the Bill seeks to amend section 29C of the said Act relating to reserve fund.

 
 
 
 

Quick Updates:Latest Updates