9911796707
TMI BlogAmendment of section 29A.X X X X Extracts X X X X X X X X Extracts X X X X ..... the time being in force, no housing finance institution which is a company shall commence housing finance as its principal business or carry on the business of housing finance as its principal business without- (a) obtaining a certificate of registration issued under this Chapter; and (b) having the net owned fund of ten crore rupees or such other higher amount, as the Reserve Bank may, by no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d having a valid registration certificate granted under sub-section (5) on the date of commencement of the provisions of Part VII of Chapter VI of the Finance (No.2) Act, 2019, and such housing finance institution shall be deemed to have been granted a certificate of registration under the provision of this Act."; (b) sub-section (3) shall be omitted; (c) in sub-section (4),- (i) for the wor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erve Bank or the National Housing Bank" shall be substituted; (iii) in the first proviso,- (A) for the words "housing finance institution" at both the places where they occur, the words "housing finance institution which is a company" shall be substituted; (B) for the words "National Housing Bank" at both the places where they occur, the words "Reserve Bank" shall be substituted; (f) in s ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
