Section 4:
Capital.
1[4. Capital.--(1) The authorised and paid-up capital of the National Housing Bank shall be three
hundred and fifty crores of rupees:
2[Provided that the Central Government may, by notification, increase the authorised capital up to two
thousand crore rupees or such other amount as may be determined by it from time to time.]
(2) The Board may, on such terms and conditions, as determined by it from time to time, issue the
increased authorised capital to 3***, the Central Government, scheduled banks, public financial
institutions, housing finance institutions or such other institutions, as may be approved by the Central
Government:
Provided that no increase in the issued capital shall be made in such manner that 3***, the Central
Government, public sector banks, public financial institutions or other institutions owned or controlled by
the Central Government, hold in aggregate at any time, less than fifty-one per cent. of the issued capital of
the National Housing Bank.]
4[(3) The subscribed capital of one thousand four hundred and fifty crore rupees of the National
Housing Bank, which has been subscribed to by the Reserve Bank, shall stand transferred to, and vested
in the Central Government upon payment of the face value of the subscribed capital, to the Reserve Bank
from such date as may be notified by the Central Government.]
Notes:
1. Subs. by Act 15 of 2000, s. 3, for section 4 (w.e.f. 12-6-2000).
2. Subs. by Act 13 of 2018, s. 164, for the proviso (w.e.f. 1-6-2018).
3. The words “the Reserve Bank,” omitted by s. 164, ibid. (w.e.f. 1-6-2018).
4. Ins. by s. 164, ibid. (w.e.f. 1-6-2018).