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of <h1>Finance Bill 2018: Amendments to National Housing Bank Act shift ownership to Central Govt, update references, and adjust board.</h1> Clause 166 of the Finance Bill, 2018 proposes amendments to the National Housing Bank Act, 1987. Key changes include substituting references from the Companies Act, 1956 to the Companies Act, 2013. The amendments aim to transfer ownership of the National Housing Bank from the Reserve Bank of India to the Central Government, change the head office location to New Delhi or another specified place, and empower the Central Government to increase the authorized capital. Additionally, the number of Reserve Bank directors on the Board is reduced, and references to outdated legislation are updated.
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