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Section 29: Chapter not to apply in certain cases.

The National Housing Bank Act, 1987Central Act · Act 53 of 1987

(1) The provisions of this Chapter shall not apply to deposits accepted by a housing finance institution which is a firm or an unincorporated association of individuals.

(2) For the removal of doubts, it is hereby declared that the firms and unincorporated associations of individuals referred to in sub-section (1) shall continue to be governed by the provisions of Chapter IIIC of the Reserve Bank of India Act, 1934 (2 of 1934).

Where this provision sits

ActThe National Housing Bank Act, 1987
Section29
Marginal noteChapter not to apply in certain cases.
JurisdictionCentral
StatusIn force as published by the source

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