TMI BlogAmendment of section 4.X X X X Extracts X X X X X X X X Extracts X X X X ..... to two thousand crore rupees or such other amount as may be determined by it from time to time. ; (b) in sub-section (2), the words the Reserve Bank, occurring at both the places shall be omitted; (c) after sub-section (2), the following sub-section shall be inserted, namely: (3) The subscribed capital of one thousand four hundred and fifty crore rupees of the National Housing Bank, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er place as the Central Government may specify by notification. It is also proposed to substitute the proviso to sub-section ( 1 ) of section 4 of the said Act so 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 secti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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