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of <h1>Finance Bill 2019: Clause 159 Proposes New Disclosure Rules for Housing Finance Companies Under Section 32 of NHB Act</h1> Clause 159 of the Finance (No. 2) Bill, 2019 proposes to replace section 32 of the National Housing Bank Act, 1987. The new provision mandates that every housing finance institution, if structured as a company, must provide any statements, information, or particulars requested by the National Housing Bank or the Reserve Bank. Additionally, these institutions are required to adhere to any directions issued under the relevant chapter of the Act.
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