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of <h1>Finance Act 2018 amends National Housing Bank Act 1987, increasing authorized capital and transferring subscribed capital to Central Government.</h1> Section 4 of the National Housing Bank Act, 1987, has been amended by the Finance Act, 2018. The amendment allows the Central Government to increase the authorized capital up to two thousand crore rupees or another amount as determined. References to the Reserve Bank in sub-section (2) have been removed. A new sub-section (3) has been introduced, transferring the subscribed capital of one thousand four hundred and fifty crore rupees from the Reserve Bank to the Central Government, effective upon notification and payment of the face value to the Reserve Bank.
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