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Start Free TrialNational Housing Bank Act, 1987 Section 30A
Title: Power of National Housing Bank to Determine Policy and Issue Directions
State: Central
Year: 1987
.....accounting standards, making of proper provision for bad and doubtful debts, capital adequacy based on risk weights for assets and credit conversion factors for off balance-sheet items and also relating to deployment of funds by a housing finance institution or a group of housing finance institutions or housing finance institutions generally, as the case may be, and such housing finance institutions shall be bound to follow the policy so determined and the direction so issued. (2) Without prejudice to the generality of the powers vested under sub-section, the National Housing Bank may give directions to housing finance institutions generally or to a group of housing finance institutions or to any housing finance institution in particular as to- (a) the purpose for which advances or other fund-based or non-fund-based accommodation may not be made; and (b) the maximum amount of advances or other financial accommodation or investment in shares and other securities which, having regard to the paid-up capital, reserves and deposits of the housing finance institution and other relevant considerations, may be made by that housing finance institution to any person or a company or.....
View Complete Act List Judgments citing this sectionKarnataka Urban Development Authorities Act, 1987 Section 54
Title: Direction by the Authority
State: Karnataka
Year: 1987
(1) The Authority in order to carry out the purposes of this Act may issue directions to the Karnataka Urban Water Supply and Drainage Board, Karnataka Electricity Board and such other bodies as are connected with the developmental activities in the urban area and provide the funds to comply with the same. (2) Notwithstanding anything contained in any other law for the time being in force every such direction shall be complied with by the body to whom they are issued. On failure, it shall be competent for the Authority to take necessary action in this behalf and recover expenses if any, incurred therefor from the body concerned. (3) Any dispute which arises between the Authority and the Boards or other bodies referred to in sub-section (1), in respect of the directions issued to them shall be determined by the Government whose decision shall be final.
View Complete Act List Judgments citing this sectionFinance Act, 1987 Chapter III
Title: Direct Taxes
State: Central
Year: 1987
.....immovable property to be taken or retained in part performance of a contract of the nature referred to in section 53A of the Transfer of Property Act, 1882 (4 of 1882); or (vi) any transaction (whether by way of becoming a member of, or acquiring shares in, a co-operative society, company or other association of persons or by way of any agreement or any arrangement or in any other manner whatsoever) which has the effect of transferring, or enabling the enjoyment of, any immovable property. Explanation : For the purposes of sub-clauses (v) and (vi), "immovable property" shall have the same meaning as in clause (d) of section 269UA Section 4 - Amendment Of Section 10 In section 10 of the Income-tax Act, - (a) after clause (10B), the following clause shall be inserted, namely :- "(10C) any payment received by an employee of a public sector company at the time of his voluntary retirement in accordance with any scheme which the Central Government may, having regard to the economic viability of such company and other relevant circumstances, approve in this behalf." (b) in clause (15), - (i) in sub-clause (ii), - (A) in the opening paragraph, for the words, brackets.....
View Complete Act List Judgments citing this sectionGoa, Daman and Diu Reorganisation Act, 1987 Section 62
Title: Powers of Central Government to Give Direction
State: Central
Year: 1987
The Central Government may give such directions to the State Government as may appear to it to be necessary for the purpose of giving effect to the foregoing provisions of this Part and the said Government shall comply with such directions.
View Complete Act List Judgments citing this sectionLegal Services Authorities Act, 1987 Section 8
Title: State Authority to Act in Co-ordination with Other Agencies Etc., Land Be Subject to Directions Given by the Central Authority
State: Central
Year: 1987
1[8. State Authority to act in co-ordination with other agencies etc., land be subject to directions given by the Central Authority.-- In the discharge of its functions the State Authority shall appropriately act in co-ordination with other governmental agencies, non-governmental valutitary social service institutions, universities and other bodies engaged in the work of promoting the cause of legal services to the poor and shall also be guided by such directions as the Central Authority may give to it in writing. ________________________ 1. Substituted for sections 8 and 9 by Legal Services Authorities (Amendment) Act (59 of 1994), section 7 (29-10-94).
View Complete Act List Judgments citing this sectionNational Housing Bank Act, 1987 Section 31
Title: Power of National Housing Bank to Collect Information from Housing Finance Institutions as to Deposits and to Give Directions
State: Central
Year: 1987
.....Housing Bank by general or special order. (2) Without prejudice to the generality of the power vested in the National Housing Bank under sub-section (1) the statement, information or particulars to be furnished under sub-section (1) may relate to all or any of the following matters, namely, the amount of the deposits, the purposes and periods for which, and the rates of interest and other terms and conditions on which, such deposits are received. (3) The National Housing Bank may, if it considers necessary in the public interest so to do, give directions to housing finance institutions accepting deposits either generally or to any group of housing finance institutions accepting deposits, and in particular, in respect of any matters relating to, or connected with, the receipt of deposits, including1[credit rating of the housing finance institution accepting deposits] the rates of interest payable on such deposits, and the periods for which deposits may be received. (4) If any housing finance institution, accepting deposits fails to comply with any direction. given by the National Housing Bank, under sub-section (3) the National Housing Bank may prohibit the acceptance.....
View Complete Act List Judgments citing this sectionKARNATAKA URBAN DEVELOPMENT AUTHORITIES ACT, 1987 Section 65
Title: Government's power to give directions to the Authority
State: Karnataka
Year: 1987
The Government may give such directions to the Authority as in its opinion are necessary or expedient for carrying out the purposes of this Act and it shall be the duty of the Authority to comply with such directions.
View Complete Act List Judgments citing this sectionBrentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act, 1987 Section 6
Title: Power of Central Government to Direct Vesting of the Undertakings of the Company in Andrew Ule
State: Central
Year: 1987
(1) Notwithstanding anything contained in section 3 and 4.the Central Government may, subject to such terms and conditions as it may think fit to impose, direct, by notification, that the undertakings of the Company, and the right, title and interest of the Company in relation to its undertakings, which have vested in the Central Government under section 3, shall, instead of continuing to vest in the Central Government vest in Andrew Yule, either on the date of the notification or on such earlier or later date (not being a date earlier than the appointed day) as may be specified in the notification. (2) Where the right, title and interest, and the liabilities referred to in sub-section (2) of section 5, of the Company in relation to its undertakings vest in Andrew Yule under sub-section (1), Andrew Yule shall, on and from the date of such vesting, be deemed to have become the owner in relation to such undertakings and all the rights and liabilities of the Central Government in relation to such undertakings shall, on and from the date of such vesting be deemed to have become the rights and liabilities, respectively, of Andrew Yule.
View Complete Act List Judgments citing this sectionAll Indian Council for Technical Education Act 1987 Section 20
Title: Directions by the Central Government
State: Central
Year: 1987
(1) The Council shall, in the discharge of its functions and duties under this Act, be bound by such directions on questions of policy as the Central Government may give in writing to it from time to time. (2) The decision of the Central Government as to whether a question is one of policy or not shall be final.
View Complete Act List Judgments citing this sectionJute Packing Materials Compulsory Use in Packing Commodities Act, 1987 Section 14
Title: Central Government to Give Directions
State: Central
Year: 1987
The Central Government may give such directions as it may consider necessary to a State Government as to the carrying into execution of the provisions of this Act.
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