Section 30: Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money

Q: What does Section 30 of The National Housing Bank Act, 1987 (NHB Act) deal with?

Section 30 NHB Act pertains to "Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money". It is part of the The National Housing Bank Act, 1987, a legislation enacted by the Parliament of India. Section 30 of The National Housing Bank Act, 1987 (NHB Act) governs reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money. As verified on 19 May 2026.

Q: Is Section 30 NHB Act still in force?

Yes, Section 30 of the The National Housing Bank Act, 1987 is currently in force across the Republic of India.

Q: What is धारा 30 NHB Act?

धारा 30 NHB Act is the Devanagari Hindi reference for Section 30 of the The National Housing Bank Act, 1987. Section 30 of The National Housing Bank Act, 1987 (NHB Act) governs reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money. As verified on 19 May 2026.

Q: What is Dhara 30 NHB Act?

Dhara 30 NHB Act is the Roman Hindi reference for Section 30 of the The National Housing Bank Act, 1987. "Dhara" means "Section" in Hindi. Section 30 of The National Housing Bank Act, 1987 (NHB Act) governs reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money. As verified on 19 May 2026.

Q: How to cite Section 30 of The National Housing Bank Act, 1987?

Cite as: "Section 30, The National Housing Bank Act, 1987 (NHB Act)" in legal briefs. For academic writing, use the BlueBook format: The National Housing Bank Act, 1987, § 30 (India).

Law on Tips Editorial Board

¹[30. Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money— The Reserve 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 which is a company 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.]

1. Subs. by s. 157, ibid., for section 30 (w.e.f. 09-08-2019).