35B. Power of National Housing Bank to exempt any housing finance institution.-

The National Housing Bank on being satisfied that it is necessary so to do, may, declare by notification that any or all the provisions of this Chapter shall not apply to a housing finance institution or a group of 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.]

1. Ins. by Act 15 of 2000, s. 18 (w.e.f. 12-6-2000).