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Amendment of section 6

Clause 163 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - Bill - Clause 163 - 163. . In section 6 of the principal Act,- (a) in sub-section (1),- (i) in clause (ca), the words the Reserve Bank, shall be omitted; (ii) in clause (d), for .....

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end 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 transfer the owners .....

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e 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 .....

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