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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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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.....Certain words repealed by Act 9 of 1930, Section 4. 3.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 Section 8 - Procedure to be observed before taking a house on lease [Repealed by the Cantonments (House-Accommodation Amendment) Act, 1930 (9 of 1930), Section 5.]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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National Housing Bank Act, 1987 Chapter II

Title: Establishment of the National Housing Bank and Capital Thereof

State: Central

Year: 1987

.....Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name, sue and be sued. (3) The head office of the National Housing Bank shall be at Bombay or at such other place as the Reserve Bank may, by notification, specify. (4) The National Housing Bank may establish offices, branches or agencies at any place in India, and with the previous approval of the Reserve Bank, at any place outside India. _____________________ 1. 9-7-88 -- Date on which National Housing Bank established Section 4 - Capital 1 [ Capital (1) The authorised and paid-up capital of the National Housing Bank shall be three hundred and fifty crores of rupees: Provided that the Central Government may, in consultation with the Reserve Bank, by notification, increase the authorised capital up to two thousand crores of rupees. (2) The Board may, on such terms and conditions, as determined by it from time to time, issue the increased authorised capital to the Reserve Bank, the Central Government, scheduled banks, public financial.....

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Cantonments (House-accommodation) Act, 1923 Section 14

Title: Provision Where House is Held on Long Lease by a Tenant

State: Central

Year: 1923

.....[Central Government] shall be liable as aforesaid for the term of six months from the date on which the house is vacated in pursuance of the notice. (3) Nothing in this section shall be deemed- (a) to render 1 [Central Government] so liable unless an application in writing in this behalf is made by the owner to the 2 [Officer Commanding the station] within fifteen days from the service of the notice; or (b) to limit or otherwise affect any agreement between 3 [the Government] and the owner. _______________________ 1. Substituted for the words "the Government" by A.L.O., 1937. 2. Substituted for certain words, by Act 10 of 1925, Section 6. 3. Word "the Crown" substituted by A.L.O. 1950.

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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 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 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.....

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National Housing Bank Act, 1987 Section 45A

Title: Arrangement with National Housing Bank on Appointment of Directors to Prevail

State: Central

Year: 1987

.....director-ships, removal from office of directors and such like conditions contained in any such law or instrument aforesaid, shall not apply to any director appointed by the National Housing Bank in pursuance of the arrangement as aforesaid. (2) Any director appointed as aforesaid shall-- (a) hold office during the pleasure of the National Housing Bank and may be removed or substituted by any person by order in writing of the National Housing Bank; (b) not incur any obligation or liability by reasons only of his being a director or for anything done or omitted to be done in good faith in the discharge of his duties as a director or anything in relation thereto; (c) not be liable to retirement by rotation and shall not be taken into account for computing the number of directors liable to such retirement.] ________________________ 1. Inserted by by National Housing Bank (Amendments) Act, 2000 (15 of 2000).

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National Housing Bank Act, 1987 Section 3

Title: Establishment and Incorporation of National Housing Bank

State: Central

Year: 1987

(1) With effect from such date1as the Central Government may, by notification, appoint, there shall be established for the purposes of this Act, a bank to be known as the National Housing Bank. (2) the National Housing Bank shall be a body corporate with the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and may, by that name, sue and be sued. (3) The head office of the National Housing Bank shall be at Bombay or at such other place as the Reserve Bank may, by notification, specify. (4) The National Housing Bank may establish offices, branches or agencies at any place in India, and with the previous approval of the Reserve Bank, at any place outside India. _____________________ 1. 9-7-88 -- Date on which National Housing Bank established

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Bombay Prevention of Fragmentation and Consilidation of Holdings Act, 1947 Chapter 4

Title: Effect of Consolidation Proceedings and of Consolidation of Holdings

State: Central

Year: 1947

.....29A was inserted by Bom.Act 69 of 1963, Sec. 11. 2. These words were substituted forthe words and figures "Bom. Tenancy and Agricultural Lands Act, 1948"by Bom. Act of 61 of 1958 Sec. 3(19). Section 30 - Apportionment of compensation or net value in case of dispute Wherethere is a dispute in respect of the apportionment of - (a)the amount of compensation determined under sub-section (2) of section 16 orsub-section (4) of section 17; 1 [(aa) the amount of compensationdetermined under section 18; 2 [(b)the amount of additionalcompensation or reduction in compensation determined under subsection (4), orthe net value realised or payable under sub-section (6) or (7) of section 21]; (c)the total amount of compensation determined under sub-section (2) of section29, the Consolidation Officer shall refer the dispute to the decision of theDistrict Court and deposit the amount of the compensation or net value, as thecase may be, in the Court and thereupon the provisions of sections 33, 53 and54 of the Land Acquisition Act, 1894,3 [* * *] 4 [* *]shall, so far as may, apply. _______________________ 1. Inserted by Bom. Act 61 of 1958,Sec. 3(20). 2. Subs. by Mah. Act, 19.....

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