Inspection power expanded to include Reserve Bank directions, and inspection reports must be shared with the Reserve Bank. Amendment expands inspection authority under section 34 to include inspections 'at any time or on being directed so to do by the Reserve Bank, shall', restricts the inspected entities to a 'housing finance institution which is a company', and inserts a new sub-section requiring the National Housing Bank to submit a copy of the inspection report to the Reserve Bank.
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.
Inspection power expanded to include Reserve Bank directions, and inspection reports must be shared with the Reserve Bank.
Amendment expands inspection authority under section 34 to include inspections "at any time or on being directed so to do by the Reserve Bank, shall", restricts the inspected entities to a "housing finance institution which is a company", and inserts a new sub-section requiring the National Housing Bank to submit a copy of the inspection report to the Reserve Bank.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
