Title : Director of Board or Member of Committee Thereof Not to Participate in Meetings in Certain Cases
State : Central
Year : 1987
any director of the board or any member of a committee, who has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the board or a committee thereof, shall as soon as possible after relevant circumstances .....
View Complete Act List Judgments citing this sectionTitle : Chapter V to Override Other Laws
State : Central
Year : 1987
the provisions of this chapter shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue of any such law.
View Complete Act List Judgments citing this sectionTitle : Application to the Recovery Officer
State : Central
Year : 1987
(1) where any borrower, who is under a liability to an approved institution under an agreement, makes any default in repayment of any assistance or any instalment thereof or otherwise fails to comply with the terms of said agreement, then, without .....
View Complete Act List Judgments citing this sectionTitle : Procedure in Respect of Application Under Section 36e
State : Central
Year : 1987
(1) on receipt of an application under section 36e, if the recovery officer is of opinion that the borrower is under a liability to an approved institution under an agreement, or has made default in repayment of the assistance or any instalment thereof or .....
View Complete Act List Judgments citing this sectionTitle : Enforcement of Order of Recovery Officer
State : Central
Year : 1987
(1) where the borrower refuses or fails to comply with the order within the time specified therein the recovery officer may, take possession of any property pledged, mortgaged, hypothecated or assigned to the approved institution as security for any .....
View Complete Act List Judgments citing this sectionTitle : Chief Metropolitan Magistrate and District Magistrate to Assist Recovery Officer in Taking Charge of Property
State : Central
Year : 1987
(1) where any property is sold or leased in pursuance of any power conferred by section 36e, the recovery officer may, for the purpose of taking into custody or under control any such property, request, in writing, the chief metropolitan magistrate or the .....
View Complete Act List Judgments citing this sectionTitle : Establishment of Appellate Tribunal
State : Central
Year : 1987
(1) the central government shall, by notification, establish one or more appellate tribunals, to be known as the housing finance institutions debt recovery appellate tribunals, to exercise the jurisdiction, powers and authority conferred on such tribunal .....
View Complete Act List Judgments citing this sectionTitle : Composition of Appellate Tribunal
State : Central
Year : 1987
an appellate tribunal shall consist of one person only (hereinafter referred to as the presiding officer of the appellate tribunal) to be appointed, by notification, by the central government.
View Complete Act List Judgments citing this sectionTitle : Qualification for Appointment as Presiding Officer of Appellate Tribunal
State : Central
Year : 1987
a person shall not be qualified for appointment as the presiding officer of an appellate tribunal, unless he-- (a) is, or has been, or is qualified to be a district judge; (b) has been a member of the indian legal service and has held a post in grade ii .....
View Complete Act List Judgments citing this sectionTitle : Term of Office
State : Central
Year : 1987
the presiding officer of an appellate tribunal shall hold office for a term of five years from the date on which he enters upon his office or until he attains the age of sixty-five years, whichever is earlier.
View Complete Act List Judgments citing this section