NATIONAL HOUSING BANK ACT, 1987

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S.1 Short title, extent and commencement

S.2 Definitions

S.3 Establishment and incorporation of National Housing Bank

S.4 Capital

S.5 Management

S.6 Board of Directors

S.7 Term of office of Chairman, Managing Director and other directors, service conditions, etc

S.8 Disqualifications

S.9 Vacation and resignation of office by directors

S.10 Casual vacancy in the office of Chairman or Managing Director

S.11 Meetings of Board

S.12 Executive Committee and other committees

S.13 Director of Board or member of committee thereof not to participate in meetings in certain cases

S.14 Business of the National Housing Bank

S.15 Borrowings and acceptance of deposits by National Housing Bank

S.16 Loans in foreign currency

S.16(a) Assistance to borrower when to operate or a charge in the property offered as security

S.16(b) Amount and security to be held in trust

S.17 Power to transfer rights

S.18 Power to acquire rights

S.18(a) Exemption from registration

S.18(b) Recovery of dues as arrears of land revenue

S.19 Power to impose conditions for accommodation

S.20 Power to call for repayment before agreed period

S.21 National Housing Bank to have access to records

S.22 Validity of loan or advance not to be questioned

S.23 National Housing Bank not to make loans or advances against its own bonds or debentures

S.24 Power to inspect

S.25 Power to collect credit information

S.26 Power to publish information

S.27 Advisory services

S.28 Definition of deposit

S.29 Chapter not to apply in certain cases

S.29(a) Requirement of registration and net owned fund

S.29(b) Maintenance of percentage of assets

S.29(c) Reserve fund

S.30 National Housing Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money

S.30(a) Power of National Housing Bank to determine policy and issue directions

S.31 Power of National Housing Bank to collect information from housing finance institutions as to deposits and to give directions

S.32 Duty of housing finance institutions to furnish statements, etc., required by National Housing Bank

S.33 Powers and duties of auditors

S.33(a) Power of National Housing Bank to prohibit acceptance of deposit and alienation of assets

S.33(b) Power of National Housing Bank to file winding up petition

S.34 Inspection

S.35 Deposits not to be solicited by unauthorised persons

S.35(a) Disclosure of information

S.35(b) Power of National Housing Bank to exempt any housing finance institution

S.36 Chapter V to override other laws

S.36(a) Power to order repayment of deposit

S.36(b) Nomination by depositors

S.36(c) Definitions

S.36(d) Appointment of recovery officer

S.36(e) Application to the recovery officer

S.36(f) Procedure in respect of application under section 36E

S.36(g) Enforcement of order of recovery officer

S.36(h) Chief Metropolitan Magistrate and District Magistrate to assist recovery officer in taking charge of property

S.36(i) Establishment of Appellate Tribunal

S.36(j) Composition of Appellate Tribunal

S.36(k) Qualifications for appointment as Presiding Officer of Appellate Tribunal

S.36(l) Term of office

S.36(m) Staff of Appellate Tribunal

S.36(n) Salaries and allowances and other terms and conditions of service of Presiding Officers

S.36(o) Filling up of vacancies

S.36(p) Resignation and removal

S.36(q) Orders constituting Appellate Tribunal to be final and not to invalidate its proceedings

S.36(r) Jurisdiction, powers and authority of Appellate Tribunal

S.36(s) Appeal to the Appellate Tribunal

S.36(t) Deposit of amount due, on filing appeal

S.36(u) Procedure and powers of recovery officer and Appellate Tribunal

S.36(v) Limitation

S.36(w) Presiding Officer, recovery officer, other officers and employees to be public servant

S.36(x) Protection of action taken in good faith

S.36(y) Bar of jurisdiction

S.36(z) Transitional provisions

S.37 General Fund and other funds

S.38 Preparation of balance-sheet, etc., of National Housing Bank

S.39 Disposal of surplus

S.40 Audit

S.41 Returns

S.42 Annual report on housing