Central Government authority replaces Reserve Bank oversight of the National Housing Bank, shifting its seat to New Delhi. The Finance Act, 2018 amends section 3 of the National Housing Bank Act by substituting the words identifying the bank's seat from Bombay to New Delhi and replacing references to the Reserve Bank with references to the Central Government in the cited sub sections, thereby effecting textual reassignment of the statutory role to the Central Government.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Central Government authority replaces Reserve Bank oversight of the National Housing Bank, shifting its seat to New Delhi.
The Finance Act, 2018 amends section 3 of the National Housing Bank Act by substituting the words identifying the bank's seat from Bombay to New Delhi and replacing references to the Reserve Bank with references to the Central Government in the cited sub sections, thereby effecting textual reassignment of the statutory role to the Central Government.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.