Amendment of section 35.
164. In section 35 of the principal Act,-
(i) in the opening portion, for the words “housing finance institution”, the words “housing finance institution which is a company” shall be substituted;
(ii) in clause (b), for the words “National Housing Bank”, the words “Reserve Bank” shall be substituted.
Notes on Clauses:
Clause 164 of the Bill seeks to amend section 35 of the said Act relating to deposits not to be solicited by unauthorised persons.
