Section 46D: National Housing Credit (Long Term Operations) Fund.

The Reserve Bank of India Act, 1934Central Act · Act 2 of 1934

[46D. National Housing Credit (Long Term Operations) Fund.--(1) The Bank shall establish and maintain a Fund to be known as the National Housing Credit (Long Term Operations) Fund to which shall be credited every year such sums of money as it may consider necessary.

(2) The amount in the said Fund shall be applied by the Bank only to the following objects namely:--

(a) the making to the National Housing Bank of loans and advances for the purpose of any business of the National Housing Bank;

(b) the purchasing of bonds and debentures issued by the National Housing Bank.]

Where this provision sits

Act	The Reserve Bank of India Act, 1934
Section	46D
Marginal note	National Housing Credit (Long Term Operations) Fund.
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.

inserted, Act 53 of 1987. . Ins. by Act 53 of 1987, s. 56 and the Second Schedule (w.e.f. 9-7-1988).

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