TMI BlogAmendment of section 29A.X X X X Extracts X X X X X X X X Extracts X X X X ..... l be substituted, namely:- (1) Notwithstanding anything contained in this Chapter or in any other law for the time being in force, no housing finance institution which is a company shall commence housing finance as its principal business or carry on the business of housing finance as its principal business without- (a) obtaining a certificate of registration issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is sub-section and shall be dealt with accordingly: Provided further that the provisions of this sub-section shall not apply to the housing finance institution which is a company and having a valid registration certificate granted under sub-section (5) on the date of commencement of the provisions of Part VII of Chapter VI of the Finance (No.2) Act, 2019, and such housing finance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , the words Reserve Bank shall be substituted; (e) in sub-section (6),- (i) in the opening portion, for the words National Housing Bank , the words Reserve Bank shall be substituted; (ii) in clause (iv), for the words National Housing Bank wherever they occur, the words Reserve Bank or the National Housing Bank shall be substituted; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owing clause shall be substituted, namely: (II) the expressions subsidiaries and companies in the same group shall have the meanings respectively assigned to them in the Companies Act, 2013: (18 of 2013.) Provided that the National Housing Bank shall, in consultation with the Reserve Bank, specify the companies to be deemed to be in the same group. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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