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of <h1>Finance Act 2018 amends Section 16 of National Housing Bank Act 1987, updating foreign exchange law references.</h1> Section 16 of the National Housing Bank Act, 1987, has been amended by the Finance Act, 2018. In sub-section (1) of this section, the reference to 'the Foreign Exchange Regulation Act, 1973 (46 of 1973)' is replaced with 'the Foreign Exchange Management Act, 1999 (42 of 1999).' This amendment updates the legal framework by substituting the outdated foreign exchange regulation reference with the current foreign exchange management legislation.
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