आधिकारिक दस्तावेज़ / Official document
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Hindi — official source version
H1987-53.pdf
इस संस्करण को आधिकारिक दस्तावेज़ में पढ़ें। Read this version in its official source document.
Open official source version ↗About this act
- Jurisdiction
- Central
- Enactment date
- 1987-12-23
- Sections available
- 101
Commencement information from the source
09-07-1988
Read the sections
1Short title, extent and commencement.→2Definitions.→3Establishment and incorporation of National Housing Bank.→4Capital.→5Management.→6Board of Directors.→7Term of office of Chairman, Managing Director and other directors, service conditions, etc.→8Disqualifications.→9Vacation and resignation of office by directors.→10Casual vacancy in the office of Chairman or Managing Director.→11Meetings of Board.→12Executive Committee and other committees.→13Director of Board or member of committee thereof not to participate in meetings in certain cases.→14Business of the National Housing Bank.→15Borrowings and acceptance of deposits by National Housing Bank.→16Loans in foreign currency.→16AAssistance to borrower when to operate or a charge in the property offered as security.→16BAmount and security to be held in trust.→17Power to transfer rights.→18Power to acquire rights.→18AExemption from registration.→18BRecovery of dues as arrears of land revenue.→19Power to impose conditions for accommodation.→20Power to call for repayment before agreed period.→21National Housing Bank to have access to records.→22Validity of loan or advance not to be questioned.→23National Housing Bank not to make loans or advances against its own bonds or debentures.→24Power to inspect.→25Power to collect credit information.→26Power to publish information.→27Advisory services.→28Definition of deposit.→29Chapter not to apply in certain cases.→29ARequirement of registration and net owned fund.→29BMaintenance of percentage of assets.→29CReserve fund.→30Reserve Bank to regulate or prohibit issue of prospectus or advertisement soliciting deposits of money→30APower of Reserve Bank to determine policy and issue directions.→31Power of National Housing Bank to collect information from housing finance institutions as to deposits.→32Duty of housing finance institutions to furnish statements, etc., under this Chapter→33Powers and duties of auditors.→33APower of Reserve Bank to prohibit acceptance of deposit and alienation of assets.→33BPower of National Housing Bank to file winding up petition.→33CPower to take action against auditors.→34Inspection.→35Deposits not to be solicited by unauthorised persons.→35ADisclosure of information.→35BPower of Reserve Bank to exempt housing finance institution→36Chapter V to override other laws.→36APower to order repayment of deposit.→36BNomination by depositors.→36CDefinitions.→36DAppointment of recovery officer.→36EApplication to the recovery officer.→36FProcedure in respect of application under section 36E.→36GEnforcement of order of recovery officer.→36HChief Metropolitan Magistrate and District Magistrate to assist recovery officer in taking charge of property→36-IEstablishment of Appellate Tribunal.→36JComposition of Appellate Tribunal.→36KQualifications for appointment as Presiding Officer of Appellate Tribunal.→36LTerm of office.→36MStaff of Appellate Tribunal.→36NSalaries and allowances and other terms and conditions of service of Presiding Officers.→36-OFilling up of vacancies.→36PResignation and removal.→36QOrders constituting Appellate Tribunal to be final and not to invalidate its proceedings.→36RJurisdiction, powers and authority of Appellate Tribunal.→36SAppeal to the Appellate Tribunal.→36TDeposit of amount due, on filing appeal.→36UProcedure and powers of recovery officer and Appellate Tribunal.→36VLimitation.→36WPresiding Officer, recovery officer, other officers and employees to be public servant.→36XProtection of action taken in good faith.→36YBar of jurisdiction.→36ZTransitional provisions.→37General Fund and other funds.→38Preparation of balance sheet, etc., of National Housing Bank.→39Disposal of surplus.→40Audit.→41Returns.→42Annual report on housing.→43Staff of National Housing Bank.→43ADelegation of powers.→44Obligation as to fidelity and secrecy.→45Defects in appointment not to invalidate acts, etc.→45AArrangement with National Housing Bank on appointment of directors to prevail.→46Protection of action taken under the Act.→47Indemnity of directors.→47ANomination in respect of deposits, bonds, etc.→48Explanation from tax on income.→49Penalties.→50Offences by companies.→51Cognizance of offences.→52Application of fine.→52APower of National Housing Bank and Reserve Bank to impose penalty.→53Bankers’ Books Evidence Act 18 of 1891, to apply in relation to the National Housing Bank.→54Liquidation of National Housing Bank.→54APower to make rules.→55Power of the Board to make regulations.→56Amendment of certain enactments.→57Power to remove difficulties.→
Schedules
THE FIRST SCHEDULEOfficial attachment ↗THE SECOND SCHEDULE.Official attachment ↗THE THIRD SCHEDULEOfficial attachment ↗
India Code, Government of India. Text fetched 26 Oct 2026. Source metadata reports last modification: 2019-12-02. Check the linked official text and subsequent notifications when applying a provision.