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Start Free TrialNational 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.....
View Complete Act List Judgments citing this sectionNational Housing Bank Act, 1987 Section 10
Title: Casual Vacancy in the Office of Chairman or Managing Director
State: Central
Year: 1987
If the Chairman, or as the case may be, the Managing Director, is by infirmity or otherwise rendered incapable of carrying out his duties or is absent on leave or otherwise, in circumstances not involving the vacation of his appointment, the Central Government may, appoint another person to act in his place during his absence.
View Complete Act List Judgments citing this sectionNational Housing Bank Act, 1987 Complete Act
State: Central
Year: 1987
.....Act, 1934, shall have the meanings respectively assigned to them in that Act; (k) words and expressions used herein and not defined either in this Act or in the Reserve Bank of India Act 1934, but defined in the Banking Regulation Act, 1949, shall have the meanings respectively assigned to them in the Banking Regulation Act, 1949. SECTION 03: ESTABLISHMENT AND INCORPORATION OF NATIONAL HOUSING BANK (1) With effect from such date2as 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. .....
List Judgments citing this sectionTHE KERALA CASHEW WORKERS' RELIEF AND WELFARE FUND (AMENDMENT) ACT, 1987 [1] Complete Act
State: Kerala
Year: 1987
..... THE KERALA CASHEW WORKERS' RELIEF AND WELFARE FUND (AMENDMENT) ACT, 1987 [1] THE KERALA CASHEW WORKERS' RELIEF AND WELFARE FUND (AMENDMENT) ACT, 1987 [1] (Act 2 of 1988) An Act to amend the Kerala Cashew Workers Relief and Welfare Fund Act, 1979 Preamble. " whereas it is expedient to amend the Kerala Cashew Workers' Relief and Welfare Fund Act, 1979, for the purposes herein after appearing; be it enacted in the Thirty-eighth Year of the Republic of India as follows: " 1. Short title and commencement. "(1) This Act may be called the Kerala Cashew Workers' Relief and Welfare Fund (Amendment) Act, 1987. (2) It shall come into force at once. 2. Amendment of section 2. "In section 2 of the Kerala Cashew Workers' Relief and Welfare Fund Act, 1979 (19 of 1984), (hereinafter referred to as the principal Act), in clause (b), after the words "employer or employee" the words "or the Government" shall be inserted. 3. Amendment of section 3. " In section 3 of the principal Act, in clause (a) of sub-section (2), for the words "employers and employees" the words "the Government, employers and employees" shall be sub stituted. 4. Amendment of section 4. "In section 4 of the principal.....
List Judgments citing this sectionRajasthan Shops & Commercial Establishments (Employees` Life Insurance) Act, 1987 Complete Act
State: Rajasthan
Year: 1987
.....COMMERCIAL ESTABLISHMENTS (EMPLOYEES` LIFE INSURANCE) ACT, 1987 RAJASTHAN SHOPS & COMMERCIAL ESTABLISHMENTS (EMPLOYEES` LIFE INSURANCE) ACT, 1987 (Act No. 11 of 1987) [Received the assent of the President on the 11th day of April, 1987] An Act to provide for life insurance benefits to the employees engaged in Shops and Commercial Establishments in the State of Rajasthan and for matters connected there with or incidental thereto. Be it enacted by the Rajasthan State Legislature in the Thirty-Eighth Year of the Republic of India as follows:- CHAPTER- 1 Preliminary 1. Short title, commencement and application :- (1) This Act may be called the Rajasthan Shops and Commercial Establishments (Employees` Life Insurance) Act, 1987 . (2) It shall come into force on such date as the State Government may, by Notification in the Official Gazette, appoint. (3) it shall apply, in the first instance, to ail the shops and establishments in the cities mentioned in the Schedule appended to this Act. (4) The State Government may, after publishing in the Official Gazette not less than three months` notice of its intention so to do, and to the Schedule by.....
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