The National Housing Bank Act, 1987
The National Housing Bank Act, 1987 regulates the functioning of the National Housing Bank.
National Housing Bank Housing Finance Institutions Regulation And Supervision Dispute Resolution
Summary
The National Housing Bank Act, 1987 was enacted to establish the National Housing Bank (NHB) and provide for its functioning. The NHB is responsible for promoting housing finance institutions, providing financial and other assistance to such institutions, and regulating their functioning. The Act defines the powers, duties, and functions of the NHB, including its governance structure, capital requirements, and reporting requirements. It also provides for the regulation and supervision of housing finance companies, and establishes a framework for the resolution of disputes between such companies and their customers.
Table of Contents
Showing up to 15 sections
| # | Section | Link |
|---|---|---|
| 1 | Section 1: Short Title, Extent And Commencement | Open |
| 2 | Section 2: Definitions | Open |
| 3 | Section 3: Establishment And Incorporation Of National Housing Bank | Open |
| 4 | Section 4: Capital | Open |
| 5 | Section 5: Management | Open |
| 6 | Section 6: Board Of Directors | Open |
| 7 | Section 7: Term Of Office Of Chairman, Managing Director And Other Directors, Service Conditions, Etc | Open |
| 8 | Section 8: Disqualifications | Open |
| 9 | Section 9: Vacation And Resignation Of Office By Directors | Open |
| 10 | Section 10: Casual Vacancy In The Office Of Chairman Or Managing Director | Open |
| 11 | Section 11: Meetings Of Board | Open |
| 12 | Section 12: Executive Committee And Other Committees | Open |
| 13 | Section 13: Director Of Board Or Member Of Committee Thereof Not To Participate In Meetings In Certain Cases | Open |
| 14 | Section 14: Business Of The National Housing Bank | Open |
| 15 | Section 15: Borrowings And Acceptance Of Deposits By National Housing Bank | Open |
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