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Amendment of section 39

Clause 170 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - FINANCE BILL, 2018 - Clause 170 - 170. . In section 39 of the principal Act, in clause (ii), for the words the Reserve Bank , the words the Central Government shall be substitut .....

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rnment. 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 off .....

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rised 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 C .....

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