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Amendment of section 29A

Clause 166 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - FINANCE BILL, 2018 - Clause 166 - 166. . In section 29A of the principal Act, in the Explanation, in clause (II), for the words and figures Companies Act, 1956 (1 of 1956) , the .....

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to omit or substitute the reference of Reserve Bank with Central Government. 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 .....

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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 section rel .....

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