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Amendment of section 37

Clause 169 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - FINANCE BILL, 2018 - Clause 169 - 169. . In section 37 of the principal Act, in sub-sections (1) and (2), for the words the Reserve Bank at both the places where they occur, the .....

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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 (3) of section 3 of th .....

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wer 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 relating to transfer of s .....

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