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of <h1>Finance Bill 2019 proposes amendments to National Housing Bank Act, expanding authority and jurisdiction in section 49.</h1> Clause 169 of the Finance (No. 2) Bill, 2019 proposes amendments to section 49 of the National Housing Bank Act, 1987. The amendments include replacing references to 'the National Housing Bank' with 'the National Housing Bank or the Reserve Bank' in sub-sections (2B) and (3), clause (aa). Additionally, it suggests substituting 'any order made by the authorised officer' with 'any order made by the National Company Law Tribunal' in sub-section (2C). These changes aim to broaden the scope of authority and jurisdiction within the Act.
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