Section 30: Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money

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

[30. Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money-- The Reserve Bank may, if it considers necessary in the public interest so to do, by general or special order,--

(a) regulate or prohibit the issue by any housing finance institution which is a company of any prospectus or advertisement soliciting deposits of money from the public; and

(b) specify the conditions subject to which any such prospectus or advertisement, if not prohibited, may be issued.]

Where this provision sits

Act	The National Housing Bank Act, 1987
Section	30
Marginal note	Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted. . Subs. by s. 157, ibid., for section 30 (w.e.f. 09-08-2019).

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