Regulatory authority for section 29B shifts to Reserve Bank and limits scope to housing finance institutions that are companies. The amendment substitutes 'housing finance institution' with 'housing finance institution which is a company' and replaces references to the National Housing Bank with the Reserve Bank in subsections (1), (2) and (3), including the clause preserving a higher percentage ceiling not exceeding twenty five per cent., thereby narrowing the scope of covered entities and shifting regulatory authority.
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Provisions expressly mentioned in the judgment/order text.
Regulatory authority for section 29B shifts to Reserve Bank and limits scope to housing finance institutions that are companies.
The amendment substitutes "housing finance institution" with "housing finance institution which is a company" and replaces references to the National Housing Bank with the Reserve Bank in subsections (1), (2) and (3), including the clause preserving a higher percentage ceiling not exceeding twenty five per cent., thereby narrowing the scope of covered entities and shifting regulatory authority.
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