Regulatory authority change: Reserve Bank replaces National Housing Bank for specified housing finance companies under the amended provision. The amendment substitutes the words 'housing finance institution' with 'housing finance institution which is a company', making company status a prerequisite, and replaces the reference to the National Housing Bank with the Reserve Bank in clause (b), thereby changing the designated regulator under section 35.
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Provisions expressly mentioned in the judgment/order text.
Regulatory authority change: Reserve Bank replaces National Housing Bank for specified housing finance companies under the amended provision.
The amendment substitutes the words "housing finance institution" with "housing finance institution which is a company", making company status a prerequisite, and replaces the reference to the National Housing Bank with the Reserve Bank in clause (b), thereby changing the designated regulator under section 35.
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