Judgment Search Results Home > Cases Phrase: national housing bank act 1987 chapter iii business of the national housing bank Page 1 of about 1,279 results (0.159 seconds)

Assam Leather Industry Vs. Union of India (Uoi) and ors.

Court : Guwahati

..... . formed and registered under the companies act, 1956 (1 of 1956) ; (10) technology development and information company of india limited, formed and registered under the companies act, 1956 (1 of 1956); (11) power finance corporation limited, formed and registered under the companies act, 1956 (1 of 1956) ; (12) national housing bank established under the national housing bank act, 1987 (53 of 1987) ; (13) small industries development bank of india established under the small industries development bank of india act, 1989 (39 of 1989) ; (14) rural electrification corporation ltd ..... sub-section (2) of section 4a of the companies act, 1956 (1 of 1956), the central government hereby specifies the following institutions to be public financial institutions, namely- (1) the industrial reconstruction bank of india established under the industrial reconstruction bank of india act, 1984 (62 of 1984) ; (2) the general insurance corporation of india established under the general insurance business (nationalisation) act, 1972 (57 of 1972) ; (3) the national insurance company limited, formed and registered under the companies act, 1956 (1 of 1956) ; (4) the new india assurance company limited, formed and registered under the companies act, 1956 (1 of 1956) ; (5) the oriental ..... . chapter iii--jurisdiction, powers and authority of tribunals .....

Nedumpilli Finance Company Limited Vs. State Of Kerala .

Court : Supreme Court of India

..... advance is made in the regular course of such business; (j) a loan advanced by the national bank for agriculture and rural development established under the national bank for agriculture and rural development act, 1981; (k) a loan advanced by the export import bank of india established under the export import bank of india act, 1981; (l) a loan advanced by the small industries development bank of india, established under the small industries development bank of india act, 1989; (m) a loan advanced by the national housing bank, constituted under the national housing bank act, 1987 ; (n) a loan advanced by state financial corporations established under the state financial corporations act, 1951 ; and ..... the question as to whether non banking financial companies (for short nbfcs ) regulated by the reserve bank of india, in terms of the provisions of chapter iii b of the reserve bank of india act, 1934 (hereinafter referred to as rbi act ) could also be regulated by state enactments such as kerala money lenders act, 1958 (hereinafter referred to as kerala act ) and gujarat money lenders act, 2011 (hereinafter referred to as gujarat act ), has arisen for our consideration in these appeals, with the kerala and gujarat high courts taking opposite views.2. .....

CanfIn Homes Ltd. Vs. Joint Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT

Reported in : (2006)103TTJ(Bang.)108

..... such institution: (i) ceases to carry on the business of a housing finance institution in india; or (ii) has failed to comply with any condition subject to which the certificate of registration had been issued to it; or (iii) at any time fails to fulfil any of the conditions referred to in clauses (a) to (g) of sub-section (4); or (a) to comply with any direction issued by the nhb under the provisions of this chapter; or (b) to maintain accounts in accordance with the requirement of any law or any direction or order issued by the national housing bank under the provisions of this chapter; or (c) to submit or offer for ..... chapter v of nhb act, 1987 relating to housing finance companies receiving deposits shall have effect notwithstanding anything inconsistent therewith contained ..... as per section 36 of the nhb act, provisions of chapter v of nhb act, 1987 shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or any instrument having effect by virtue ..... relating to disclosure of prior period and extra-ordinary items and changes in accounting policies (9) "a change in an accounting policy shall be made only if the adoption of a different accounting policy is required by statute or if it is considered that the change would result in a more appropriate preparation or presentation of the financial statements by an assessee.undisputedly, the assessee is a registered housing finance company governed by nhb act, 1987. .....

Force Motors Ltd., Pune Vs. Shantilal Hukumchand Sancheti and anr.

Court : Mumbai

..... be open to an employee, notwithstanding a settlement, to claim the benefit as though the said settlement has come to an end.l) if the workman makes his claim on the basis of a lay off and the employer raises a plea that there was no lay off but closure, the labour court must decide as to whether there was really a lay off or a closure and if it takes the view that there was a lay off without any closure of the business, it would be acting within its jurisdiction if it awarded compensation in terms of the provisions of chapter va. ..... he pointed out that a judgement in the case of indu vishnu mahajan (supra) was not noticed by the division bench while deciding the case of the mahalaxmi co operative housing society ltd. ..... , reported in 2007(1) all mr 571, the division bench of this court has considered the judgements of the supreme court in the cases of central bank of india ltd. vs. p.s. ..... , reported in 1987 ii clr 259, another division bench of this court, while interpreting the law laid down by the supreme court in the case of r.b. ..... national textile corporation (south mah. ..... national safety council & ors. .....

Orissa and Allied Industries Ltd. Vs. State of M.P. and ors.

Court : Madhya Pradesh

Reported in : (2000)ILLJ358MP; 2000(1)MPLJ26

..... two or more contiguous states under section 16 of the food corporations act, 1964 (37 of 1964), or the international airports authority of india constituted under section 3 of the international airports authority of india act, 1971 (43 of 1971), or a regional rural bank established under section 3 of the regional rural banks act, 1976 (21 of 1976), or the export credit and guarantee corporation limited or the industrial reconstruction corporation of india limited, or (the national housing bank established under section 3 of the national housing bank act, 1987), or the banking service commission established under section 3 of the banking service commission act, 1975, or a banking or an insurance company, a mine, an oil field, a cantonment ..... definitions - for the purposes of this chapter - (a) 'industrial establishment' means - (i) a factory as defined in clause (m) of section 2 of the factories act, 1948 (63 of 1948): (ii) a mine as defined in clause (j) of sub-section (1) of section 2 of the mines act, 1952 (33 of 1952): or (iii) a plantation as defined in clause (f) of section 2 of the plantation labour act, 1951 (69 of 1951): (b) notwithstanding anything contained in sub-clause (ii) of clause (a) of section 2 (i) in relation to any company in which not less than fifty one per cent of the paid up share capital is held by the central government, or (ii) in relation to any corporation not being corporation .....

New India Industries Ltd. Vs. Assistant Commissioner of Income

Court : Income Tax Appellate Tribunal ITAT Delhi

Reported in : (2007)112TTJ(Delhi)917

..... categories of bad or doubtful debts as may be prescribed having regard to the guidelines issued by the national housing bank in relation to such debts, shall be chargeable to tax in the previous year in which it is credited by the public financial institution or the scheduled bank or the state financial corporation or the state industrial investment corporation or the public company to its p&l a/c for that year or, as the case may be, in which it is actually received by that institution or bank or corporation or company, whichever is earlier.in the rbi act, 1934, chapter iii-b contains provisions relating to non-banking institutions receiving deposits and financial institutions. ..... been taken into account in computing the income of the assessee of the previous year in which the amount of such debt or part thereof is written off or of an earlier previous year, or represents money lent in the ordinary course of the business of banking or money lending which is carried on by the assessee; (ii) if the amount ultimately recovered on any such debt or part of debt is less than the difference between the debt or part and the amount so deducted, the deficiency shall be deductible in the previous year in which the ultimate recovery is made; (iii) any such debt or part .....

The Jt. Commissioner of Income Vs. India Equipment Leasing Ltd.

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2008)111ITD37(Chennai)

..... later on through the finance act, 1999, the benefit of this provision was extended to public companies engaged in providing long term finances to housing projects as approved by national housing bank. ..... cit, wherein it has been held (i) that provisions of chapter iiib of rbi act, 1934, override the provisions of section 145(2) of the act because of non-obstante clause appearing in section 45q; (ii) that the income-tax act, 1961, is a general act, whereas reserve bank of india act is a special act; (iii) that it was not the case of the department that there was excess delegation of power. ..... ; or (b) accrues or arises or is deemed to accrue or arise to him in india during such year: provided that, in case of a person not ordinarily resident in india within the meaning of sub-section (6) of section 6, the income which accrues or arises to him outside india shall not be so included unless it is derived from a business controlled by in or a profession set up in india.the combined reading of provisions of section 5 and 145 of the act shows that the total income of an assessee shall include the income on the basis of system of accounting regularly employed by him. .....

Southern Technologies Ltd. Vs. Joint Commnr. of Income Tax, Coimbatore

Court : Supreme Court of India

Reported in : [2010]153CompCas674(SC); (2010)228CTR(SC)440; [2010]320ITR577(SC); JT2010(1)SC14; 2010(1)SCALE329; (2010)2SCC548; [2010]187TAXMAN346(SC); 2010(1)LC387(SC)

..... contained in any other provision of this act,-(a) in the case of a public financial institution or a scheduled bank or a state financial corporation or a state industrial investment corporation, the income by way of interest in relation to such categories of bad or doubtful debts as may be prescribed to having regard to the guidelines issued by the reserve bank of india in relation to such debts; (b) in the case of a public company, the income by way of interest in relation to such categories of bad or doubtful debts as may be prescribed having regard to the guidelines issued by the national housing bank in relation to such debts,shall be chargeable ..... institutionssection 45i - definitionsin this chapter, unless the context otherwise requires,-(a) 'business of a non-banking financial institution' means carrying on the business of a financial institution referred to in clause (c) and includes business of a non- banking financial company referred to in clause (f);(aa) 'company' means a company as defined in section 3 of the companies act, 1956 (1 of 1956), and includes a foreign company within the meaning of section 591 of that act;(c) 'financial institution' means any non-banking institution which carries on as its business or part of its business any of the following activities, namely:(i) the financing, whether by way of making .....

Reserve Bank of India and Others Vs. Peerless General Finance and Inve ...

Court : Supreme Court of India

Reported in : 1996IAD(SC)774; AIR1996SC646; [1996]85CompCas920(SC); JT1996(1)SC8; 1996(1)SCALE13; (1996)1SCC642; [1996]1SCR58

..... the object underlying the enactment of g section 45-k (which is part of chapter iii b) is to regulate the conditions on which deposits may be accepted by non-banking companies or institutions and to prevent malpractices and with that end in view very wide powers have been conferred on the bank to give directions under section 45-k(3) of the act ..... the fixed deposits with public sector banks or invest and keep invested in unencumbered approved securities (such securities being valued at their market value for the time being), or in other investments, which in the opinion of the company are safe, a sum which shall not, at the close of business on 31st december 1987 and thereafter at the end of each half year that is 30th june 31st december be less than the aggregate amounts of the liabilities to the ..... of contributions of subscriptions or by sale of the units or certificates or other instruments, or in any other manner and which, according to the definitions contained in non-banking financial companies (reserve bank) directions, 1977 or, as the case may be, the miscellaneous non-banking companies (reserve bank) directions, 1977, is not an equipment leasing company, a hire purchase finance company, a housing finance company, an insurance company, an investment ..... the contract at the end of the stipulated term and through business such companies have rendered great and commendable service to the nation in mobilising small savings and giving a boost to the movement of capital formation in the .....

Delhi Medical Association Vs. Principal Secretary (Health) and Others

Court : Delhi

..... medical practitioners of allopathic system of medicine and is affiliated to the indian medical association; (ii) that the central government has enacted the indian medical council act, 1956 (mci act), the indian medicine central council act, 1970 (indian medicine act) and the homoeopathy central council, act, 1973 (homoeopathy act) with the object of defining the different systems of medicine in order to ensure that the medical practitioners of one system of medicine do not transgress in the field of another system of medicine; (iii) dbcp is a statutory body for registration and regulation ..... it is unfortunate that in spite of notification issued by the ccim and vires of provisions of the dbcp act enacted by the legislative assembly of delhi being challenged in the present proceedings and being subject matter of consideration, neither the ccim nor government of national capital territory of delhi have bothered to disclose their stand in the matter. 20. ..... section 33 which falls in chapter-iv of drugs act empowers central government to make rules for the purpose of giving effect to the provisions of chapter-iv which deals with manufacture, sale and distribution of drugs. ..... section 33a says that chapter-iv shall not, except as provided in the act, apply to ayurvedic, siddha or unani drugs. d. .....