Clearing House - Bare Acts

Securities Contracts Regulation Act, 1956 (42 of 1956) Section 8A

Title: Clearing Corporation

State: Central

Year: 1956

.....make bye-laws and submit the same to the Securities and Exchange Board of India for its approval. (3) The Securities and Exchange Board of India may, on being satisfied that it is in the interest of the trade and also in the public interest to transfer the duties and functions of a clearing house to a clearing corporation, grant approval to the bye-laws submitted to it under sub-Section (2) and approve transfer of the duties and functions of a clearing house to a clearing corporation referred to in sub-Section (1). (4) The provisions of Sections 4, 5, 6, 7, 8, 9, 10, 11 and 12 shall, as far as may be, apply to a clearing corporation referred to in sub-Section (1) as they apply in relation to a recognised stock exchange.".] _________________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004

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Cantonments (House-accommodation) Act, 1923 Chapter III

Title: Appropriation of Houses

State: Central

Year: 1923

.....Certain words repealed by Act 9 of 1930, Section 4. 3. Substituted for the words "the Government" by A.L.O., 1937. 4. Inserted by Act 9 of 1930, Section 4. Section 8 - Procedure to be observed before taking a house on lease [Repealed by the Cantonments (House-Accommodation Amendment) Act, 1930 (9 of 1930), Section 5.] Section 9 - Sanction to be obtained before a house is occupied as a hospital, etc. No house in any cantonment or part of a cantonment in which this Act is operative shall, unless it was so occupied at the date of the issue of the notification declaring this Act or the Cantonments (House-Accommodation) Act, 1902, as the case may be, to be operative, be occupied for the purposes of a hospital, school, school hostel, bank, hotel or shop or by a railway administration, a company or firm engaged in trade or business or a club, without the previous sanction of the Officer Commanding the District given with the concurrence of the Commissioner or, in a 1 [State] where there are no Commissioners, of the Collector. ________________________ 1. Substituted for the word "Province", by A.L.O., 1950. Section 10 - Houses not to be appropriated in certain cases .....

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Karnataka Housing Board Act, 1962 Chapter VIII

Title: Labour Housing

State: Karnataka

Year: 1962

.....means any person who is employed for hire or reward to do any work skilled or unskilled, manual or clerical, in any factory as defined in the Factories Act, 1948, or in any mine as defined in the Mines Act, 1952, or in any textile mill, or in any iron and steel works, or in any tobacco manufactory; and also includes any person declared by notification by the State Government to be an employee for the purposes of this Chapter; (b) 'employer' means any person who employs whether directly or through another person, or whether on behalf of himself or any other person, one or more employees, and includes,-- (i) in a factory, the owner or occupier of the factory and includes the managing agent of such owner or occupier, the legal representative of a deceased owner or occupier and where a person has been named as a manager of the factory under clause (f) of sub-section (1) of section 7 of the Factories Act, 1948, the person so named; (ii) in any employment under any local authority, the person appointed by such authority for the supervision and control of employees or where no person is appointed, the chief executive officer of the local authority; (iii) in any other.....

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Cantonments (House-accommodation) Act, 1923 Section 6

Title: Conditions on Which Houses May Be Appropriated

State: Central

Year: 1923

.....on such date, not being less than three clear days from the service of the notice, and at such time between sunrise and sunset, as may be specified in the notice. (2) On the date and at the time so specified the owner shall be bound to afford all reasonable facilities to the person specified in the notice for the purpose of the inspection, measurement and survey of the house and if he refuses or neglects to do so, such person may, subject to any rules made under this Act, enter on the premises and do all such things as may be reasonably necessary for the said purpose.] ________________________ 1. Substituted by Act 9 of 1930, Section 3. 2. Substituted for the words "the crown" by A. L. O., 1950.

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Karnataka Housing Board Act, 1962 Section 64

Title: Compensation for House Unfit for Human Habitation

State: Karnataka

Year: 1962

Where any land is acquired by the Board under sub-section (1) of section 63, the compensation payable in respect thereof shall be determined in accordance with the Land Acquisition Act, 1894, subject to the condition that the compensation to be paid for a house unfit for human habitation and not capable at reasonable expense of being rendered so fit, shall be the value of the land as a site cleared of the building.

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National Housing Bank Act, 1987 Chapter V

Title: Provision Relating to Housing Finance Institutions Receiving Deposits

State: Central

Year: 1987

In this Chapter the term 'deposit' shall have the meaning assigned to it in section 45-I of the Reserve Bank of India Act, 1934. Section 29 - Chapter not to apply in certain cases (1) The provisions of this Chapter shall not apply to deposits accepted by a housing finance institution which is a firm or an unincorporated association of individuals. (2) For the removal of doubts, it is hereby declared that the firms and unincorporated associations of individuals referred to in sub-section (1) shall continue to be governed by the provisions of Chapter III C of the Reserve Bank of India Act, 1934. Section 29A - Requirement of registration and net owned fund 1[29A. Requirement of registration and net owned fund (1) Notwithstanding anything contained in this Chapter or in any other law for the time being in force, no housing finance institution which is a company shall commence or carry on the business of a housing finance institution without- (a) obtaining a certificate of registration issued under this Chapter; and (b) having the net owned fund of twenty-five lakh rupees or such other higher amount, as the National Housing Bank may, by notification, specify. (2).....

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National Housing Bank Act, 1987 Chapter III

Title: Business of the National Housing Bank

State: Central

Year: 1987

.....of its overall functions; (n) exercising all powers and functions in the performance of duties entrusted to the National Housing Bank under this Act or under any other law for the time being in force; (o) acting as agent of the Central Government, the State Government or the Reserve Bank or of any authority as may be authorised by the Reserve Bank; (p) any other kind of business which the Central Government may on the recommendation of the Reserve Bank, authorise; (q) generally, doing of all such matters and things as may be incidental to or consequential upon the exercise of its powers of the discharge of its duties under this Act. ________________________ 1. "Clause (b)" Substituted by National Housing Bank (Amendment) Act, 2000 (15 of 2000). Prior to substitution it read as under : "(b) making of loans and advances or rendering any other form -of financial assistance whatsoever to housing finance institutions and scheduled banks, 1 [or to any authority established by or under any Central, State or Provincial Act and engaged in slum clearance];" 2. Inserted by National Housing Bank (Amendment) Act, 2000 (15 of 2000) 3. Substituted by National Housing Bank.....

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National Housing Bank Act, 1987 Complete Act

Title: National Housing Bank Act, 1987

State: Central

Year: 1987

.....commencement Section2 - Definitions Chapter II Section3 - Establishment and incorporation of National Housing Bank Section4 - Capital Chapter II Section5 - Management Section6 - Board of Directors Section7 - Terms of office of Chairman, Managing Director and other directors, service conditions, etc. Section8 - Disqualifications Section9 - Vacation and resignation of office by directors Section10 - Casual vacancy in the office of Chairman or Managing Director Section11 - Meetings of Board Section12 - Executive Committee and other committees Section13 - Director of Board or member of committee thereof not to participate in meetings in certain cases Chapter III Section14 - Business of the National Housing Bank Section15 - Borrowings and acceptance of deposits by National Housing Bank Section16 - Loans in foreign currency Section16A - Assistance to borrower when to operate or a charge in the property offered as security Section16B - Amount and security to be held in trust Section17 - Power to transfer rights Section18 - Power to acquire rights Section18A - Exemption from registration Section18B - Recovery of dues as arrears of land revenue Section19 - Power to.....

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National Housing Bank Act, 1987 Chapter II

Title: Management of the National Housing Bank

State: Central

Year: 1987

.....his term, continue to hold office until his successor enters upon his office. (2) The director referred to in1[clauses (b), (c) and (ca)] of sub-section (1) of section 6 shall hold office for a term of three years: 2[***] (3) The Central Government may, in consultation with the Reserve Bank remove the Chairman or the Managing Director, or any other director referred to in sub-section (2) at any time before the expiry of his terms of office after giving him a reasonable opportunity of showing cause against the proposed removal. (4) Notwithstanding anything contained in sub-sections (1) and (3) the Central Government, in consultation with the Reserve Bank, shall have the right to terminate the term of office of the Chairman or, as the case may be, the Managing Director, at any time before the expiry of the term specified under sub-section (1) by giving him notice of not less than three months in writing or three months salary and allowances in lieu thereof and the Chairman or the Managing Director, as the case may be, shall also have the right to relinquish his office at any time before the expiry of the term specified under sub-section (1) by giving to the Central.....

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National Housing Bank Act, 1987 Section 14

Title: Business of the National Housing Bank

State: Central

Year: 1987

.....of its overall functions; (n) exercising all powers and functions in the performance of duties entrusted to the National Housing Bank under this Act or under any other law for the time being in force; (o) acting as agent of the Central Government, the State Government or the Reserve Bank or of any authority as may be authorised by the Reserve Bank; (p) any other kind of business which the Central Government may on the recommendation of the Reserve Bank, authorise; (q) generally, doing of all such matters and things as may be incidental to or consequential upon the exercise of its powers of the discharge of its duties under this Act. ________________________ 1. "Clause (b)" Substituted by National Housing Bank (Amendment) Act, 2000 (15 of 2000). Prior to substitution it read as under : "(b) making of loans and advances or rendering any other form -of financial assistance whatsoever to housing finance institutions and scheduled banks, 1 [or to any authority established by or under any Central, State or Provincial Act and engaged in slum clearance];" 2. Inserted by National Housing Bank (Amendment) Act, 2000 (15 of 2000) 3. Substituted by National Housing Bank.....

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