Transfer of ownership of the National Housing Bank to the Central Government alters governance and statutory references accordingly. Proposed amendments transfer ownership of the National Housing Bank from the Reserve Bank to the Central Government, substitute corporate and foreign-exchange statutory references to current laws, relocate the head office to New Delhi or another notified place, provide for transfer of subscribed capital to the Central Government, empower the Central Government to increase authorised capital by notification, and reduce Reserve Bank representation on the Board from two directors to one.
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Provisions expressly mentioned in the judgment/order text.
Transfer of ownership of the National Housing Bank to the Central Government alters governance and statutory references accordingly.
Proposed amendments transfer ownership of the National Housing Bank from the Reserve Bank to the Central Government, substitute corporate and foreign-exchange statutory references to current laws, relocate the head office to New Delhi or another notified place, provide for transfer of subscribed capital to the Central Government, empower the Central Government to increase authorised capital by notification, and reduce Reserve Bank representation on the Board from two directors to one.
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