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Amendment of section 40

Clause 171 - Bills - AMENDMENTS TO THE NATIONAL HOUSING BANK ACT, 1987 - Bill - Clause 171 - 171. . In section 40 of the principal Act, in sub-section (1), for the words, brackets and figures sub-section (1) of section 226 of the Companies Act, 1956 .....

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ntly, 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 ownership of the National Housing Bank from the Reserve Bank of India to the .....

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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 or such other amount as it may determine, by notification. It is also .....

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