Regulatory authority change: Reserve Bank replaces National Housing Bank for oversight of specified housing finance company asset limits. The amendment confines section 29B to corporate housing finance entities by substituting 'housing finance institution which is a company' for 'housing finance institution' and transfers the supervisory authority under that section from the National Housing Bank to the Reserve Bank, including the power to fix any higher permissible percentage of assets (not exceeding twenty-five per cent.).
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Provisions expressly mentioned in the judgment/order text.
Regulatory authority change: Reserve Bank replaces National Housing Bank for oversight of specified housing finance company asset limits.
The amendment confines section 29B to corporate housing finance entities by substituting "housing finance institution which is a company" for "housing finance institution" and transfers the supervisory authority under that section from the National Housing Bank to the Reserve Bank, including the power to fix any higher permissible percentage of assets (not exceeding twenty-five per cent.).
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