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30. National Housing Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money.-

The National Housing 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 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.

National Housing Bank Act, 1987 Back

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