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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Finance Bill 2018 proposes transferring National Housing Bank ownership from RBI to Central Government, amending key provisions.</h1> The amendments to the National Housing Bank Act, 1987, proposed in the Finance Bill, 2018, aim to transfer ownership of the National Housing Bank from the Reserve Bank of India to the Central Government. The amendments include empowering the Central Government to increase the authorized capital up to two thousand crore rupees, transferring subscribed capital to the Central Government, and reducing the number of Reserve Bank directors on the Board from two to one. Additionally, references to older acts are updated to the Companies Act, 2013, and the Foreign Exchange Management Act, 1999.
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