Bare Act Search Results

National Housing Bank Act, 1987 Section 36B

Title: Nomination by Depositors

State: Central

Year: 1987

.....depositor or, as the case may be, all the depositors together may nominate, in the manner prescribed by rules made by the Central Government under section 45ZA of the Banking Regulation Act, 1949 (10 of 1949) one person to whom in the event of the death of the sole depositor or the death of all the depositors, the amount of deposit may be returned by the housing finance institution. (2) Notwithstanding anything contained in any other law for the time being in force, or in any deposition, whether testamentary or otherwise, in respect of such deposit, where a nomination made purports to confer on any person the right to receive the amount of deposit from the housing finance institution, the nominee shall, on the death of the sole depositor or, as the case may be, on the death of all the depositors, become entitled to all the rights of the sole depositor or, as the case may be, of the depositors, in relation to such deposit to the exclusion of all other persons, unless the nomination is varied or cancelled in the manner prescribed by rules made by the Central Government under section 45ZA of the Banking Regulation Act, 1949 (10 of 1949). (3) Where the nominee is a minor, it.....

National Housing Bank Act, 1987 Section 47A

Title: Nomination in Respect of Deposits, Bonds, Etc.

State: Central

Year: 1987

(1) Notwithstanding anything contained in any other law for the lime being in force, where a nomination in respect of any deposit, bonds or other securities is made with the National Housing Bank in the prescribed manner, the amount due on such deposits, bonds or securities shall, on the death of the depositor or holder thereof, vest in, and be payable to, the nominee subject to any right, title or interest of any other person to such deposits, bonds or securities. (2) Any payment made by the National Housing Bank in accordance with the provisions of sub-section (1) shall be a full discharge of its liability in respect of such deposits, bonds or securities.]

The Tripura University Act, 1987 Complete Act

State: Tripura

Year: 1987

.....58. Transitory provisions 59. The Tripura University Council 60. Removal of difficulties. Tripura Act No. I1 of 1987 THE TRIPURA UNIVERSITY ACT, 1987 An Act To establish and incorporate a teaching and affiliating University for the State of Tripura and provide for matters connected therewith or incidental thereto. Be it enacted by the Legislative Assembly of Tripura in the Thirty Eighth Year of the Republic of India as follows :- CHAPTER I Preliminary Short title and commencement. (1) This Act may be called the Tripura University Act, 1987. (2) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. Definitions 2. In this Act, and in the Statutes, Ordinances and Regulations made under this Act, unless the context otherwise requires:- (1) "affiliated" in relation to a college or an institution means affiliated to the Tripura University under this Act ; (2) "appointed day" means the date referred to in sub-section (2) of section 1 : (3) "autonomous college" means an affiliated or associated college declared as such in accordance with the.....

Mental Health Act, 1987 Complete Act

State: Central

Year: 1987

.....it enacted by Parliament in the Thirty-eighth Year of the Republic of India as follows:- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Mental Health Act, 1987. (2) It extends to the whole of India. (3) It shall come into force on such date1as the Central Government may, by notification, appoint and different dates may be appointed for different States and for different provisions of this Act, and any reference in any provision to the commencement of this Act in a State shall be construed as a reference to the coming into force of that provision in that State. SECTION 02: DEFINITIONS In this Act, unless the context otherwise requires,- (a) "cost of maintenance", in relation to a mentally ill person admitted in a psychiatric hospital or psychiatric nursing home, shall mean the cost of such items as the State Government may, by general or special order, specify in this behalf; (b) "District Court" means, in any area for which there is a city civil court, that court, and in any other area the principal civil court of original jurisdiction, and includes any other civil court which the State Government may, by notification, specify as the Court.....

National 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. .....

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).....

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.....

Goa, Daman and Diu Reorganisation Act, 1987 Complete Act

State: Central

Year: 1987

.....allotted to that State. SECTION 39: INVESTMENTS IN AND LOANS, ETC. TO CERTAIN CORPORATE BODIES Where any body corporate constituted under a Central Act or a State Act for the existing Union territory, or any part thereof, has, by virtue of the provisions of Part II, become an inter-State body corporate, the investments in, or loans or advances to, any such body by the Union made before the appointed day shall be divided between the State of Goa and the Union in such manner as may be agreed between them before the expiration of one year from the appointed day, or in default of such agreement in such manner as the Central Government may, by order, direct. SECTION 40: ASSETS AND LIABILITIES OF STATE UNDERTAKINGS - The assets and liabilities relating to any commercial undertaking of the existing Union territory shall,- (a) if the undertaking is located in the district of Goa of the existing Union territory, pass to the State of Goa; (b) if the undertaking is located in the district of Goa of the well as the districts of Daman and Diu, of the existing Union territory, be divided in such manner as may be agreed upon between the State of Goa and the Union before the expiration of one.....

The Kerala Coir Workers Welfare Fund Act 1987 1 Complete Act

State: Kerala

Year: 1987

THE KERALA COIR WORKERS' WELFARE FUND ACT 1987 1 THE KERALA COIR WORKERS' WELFARE FUND ACT 1987 1 (ACT 34 OF 1987) An Act to provide for the constitution of a fund to grant relief to, to promote the welfare of, and to pay pension to coir workers and self employed persons in coir industry in the State of Kerala. Preamble.-WHEREAS it is expedient to provide for the constitution of a fund to grant relief to, promote the welfare of, and to pay pension to coir workers and self employed persons in coir industry in the State of Kerala and for certain other matters incidental thereto ; BE it enacted in the Thirty-eight Year of the Republic of India as follows:- 1. Short title, extent and commencement:-(1) This Act may be called the Kerala Coir Workers' Welfare Fund Act, 1987. (2) It extends to the whole of the State of Kerala. (3) This section shall come into force at once, and the remaining provisions of this Act shall come into force on such date as the Government may, by notification in the Gazette, appoint; and different dates may be appointed for different provisions of this Act: Provided that the provisions relating to payment of pension shall be deemed to have.....

Legal Services Authorities Act, 1987 Complete Act

State: Central

Year: 1987

.....Section 3-A] 6(k) "Taluk Legal Services Committee" means a Taluk Legal Services Committee constituted under Section 11-A.] (2) Any reference in this Act to any other enactment or any provision thereof shall, in relation to an area in which such enactment or provision is not in force, be construed as a reference to the corresponding law or the relevant provision of the corresponding law, if any, in force in that area. SECTION 03: CONSTITUTION OF NATIONAL LEGAL SERVICES AUTHORITY 25(1) The Central Government shall constitute a body to be called the National Legal Services Authority to exercise the powers and perform the functions conferred on, or assigned to, the Central Authority under this Act. (2) The Central Authority shall consist of- (a) The Chief Justice of India who shall be Patron -in-Chief; (b) A serving or retired Judge of the Supreme Court to be nominated by the President, in consultation with the Chief Justice of India, who shall be the Executive Chairman; and (c) Such number of other members, possessing such experience and qualifications, as may be prescribed by the Central Government, to be nominated by that Government in consultation with the Chief Justice of India......