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Amendment of section 5

Clause 162 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - Bill - Clause 162 - 162. . In section 5 of the principal Act, in sub-section (5), the words , in consultation with the Reserve Bank, or the Reserve Bank, shall be omitted. Claus .....

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t 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 section 3 of the said Act so as to change the place of head office to Ne .....

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ital 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 transfer of subscribed capital from the Reserve Bank to the Central Go .....

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