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Amendment of section 7

Clause 164 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - FINANCE BILL, 2018 - Clause 164 - 164. . In section 7 of the principal Act, in sub-sections (1), (3) and (4), the words ,in consultation with the Reserve Bank, shall be omitted. .....

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

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ed 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 transfer of subscribed capital from the Reserve Bank to the Cent .....

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