https://www.taxtmi.com/acts?id=31983 Clauses 159-174 of the Finance Bill, 2018 amend the National Housing Bank Act, 1987 to substitute references to the Reserve Bank with the Central Government, transferring ownership and certain control functions; reduce Reserve Bank representation on the Board from two directors to one; permit the Central Government to specify the head office location by notification; empower the Central Government to increase authorised capital by notification; and provide for transfer of subscribed capital from the Reserve Bank to the Central Government, with consequential updates to corporate and foreign exchange statute references. en-us Thu, 01 Feb 2018 18:33:32 +0530 Thu, 01 Feb 2018 19:22:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31983 Clauses 159-174 of the Finance Bill, 2018 amend the National Housing Bank Act, 1987 to substitute references to the Reserve Bank with the Central Government, transferring ownership and certain control functions; reduce Reserve Bank representation on the Board from two directors to one; permit the Central Government to specify the head office location by notification; empower the Central Government to increase authorised capital by notification; and provide for transfer of subscribed capital from the Reserve Bank to the Central Government, with consequential updates to corporate and foreign exchange statute references. Act-Rules Bills Thu, 01 Feb 2018 18:33:32 +0530 https://www.taxtmi.com/acts?id=31983