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Regulatory designation change: Reserve Bank specified and granted concurrent reporting role under the amendment. Amendments to section 29C substitute the Reserve Bank as the specifying authority in sub section (2), require reporting to both the National Housing Bank and the Reserve Bank, alter the proviso to reference either authority, and replace references to the National Housing Bank with the Reserve Bank in sub section (3), thereby reallocating specified regulatory designation and reporting obligations between the two authorities.
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<h1>Regulatory designation change: Reserve Bank specified and granted concurrent reporting role under the amendment.</h1> Amendments to section 29C substitute the Reserve Bank as the specifying authority in sub section (2), require reporting to both the National Housing Bank and the Reserve Bank, alter the proviso to reference either authority, and replace references to the National Housing Bank with the Reserve Bank in sub section (3), thereby reallocating specified regulatory designation and reporting obligations between the two authorities.
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