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Commencement of this Part.

Clause 159 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - FINANCE BILL, 2018 - Clause 159 - PART IX AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 159. The provisions of this Part shall come into force on such date as the Central Go .....

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r substitute the reference of Reserve Bank with Central Government. It is proposed to transfer the ownership of the National Housing Bank from the Reserve Bank of India to the Central Government. It is further proposed to amend sub-section (3) of sec .....

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o as to empower the Central Government to increase the authorised capital up to two thousand crore rupees or such other amount as it may determine, by notification. It is also proposed to insert a new sub-section (3) in the said section relating to t .....

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