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Amendment of section 4.

Clause 161 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - FINANCE BILL, 2018 - Clause 161 - 161. In section 4 of the principal Act,- (a) in sub-section (1), for the proviso, the following proviso shall be substituted, namely:- Provided .....

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oth 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, which has been subscribed t .....

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the Bill seek to amend certain provisions of the National Housing Bank Act, 1987. Accordintly, throughout the Act, consequential amendments have been made to omit or substitute the reference of Reserve Bank with Central Government. It is proposed to .....

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ch other 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 t .....

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