Section 35B: Power of Reserve Bank to exempt housing finance institution

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

[35B. Power of Reserve Bank to exempt housing finance institution.-- (1) The Reserve Bank, on being satisfied that it is necessary so to do, may declare by notification that all or any of the provisions of this Chapter shall not apply to a housing finance institution which is a company or a group of such housing finance institutions either generally or for such period as may be specified, subject to such conditions, limitations or restrictions as it may think fit to impose.

(2) Every notification made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.]

Where this provision sits

Act	The National Housing Bank Act, 1987
Section	35B
Marginal note	Power of Reserve Bank to exempt housing finance institution
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. 167, ibid., for section 35B (w.e.f. 09-08-2019).

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