How many sections are in The National Housing Bank (Amendment) Act, 2019 (TNHBAA)?

The The National Housing Bank (Amendment) Act, 2019 (TNHBAA) contains a total of 57 sections organized across 7 chapters. The chapters are: Chapter IP — reliminary — 16 sections; Chapter IIE — stablishment Of The National Housing Bank And Capital Thereof — 2 sections; Chapter IIIMA — nagement Of The National Housing Bank — 7 sections; Chapter IVB — usiness Of The National Housing Bank — 10 sections; Chapter VP — rovisions Relating To Housing Finance Institutions Receiving Deposits — 7 sections; Chapter VIF — unds, Accounts And Audit — 4 sections; Chapter VIIMIS — cellaneous — 11 sections.

Where can I read the complete TNHBAA bare act online for free?

You can read the complete, updated text of The National Housing Bank (Amendment) Act, 2019 (TNHBAA) with all 57 sections for free at Law on Tips (lawontips.com). Each section includes the full legislative text with chapter-wise navigation.

What does TNHBAA deal with?

The National Housing Bank (Amendment) Act, 2019 (TNHBAA) is an Indian legislation enacted in 2019 passed by the Parliament of India. An Act relating to the regulation of housing finance companies by the National Housing Bank. Read the complete bare act text with section-by-section navigation at Law on Tips.

What is the full form of TNHBAA?

TNHBAA stands for "The National Housing Bank (Amendment) Act, 2019". It is an Indian legislation containing 57 sections across 7 chapters. You can read the complete TNHBAA bare act with all sections at Law on Tips.

The National Housing Bank (Amendment) Act, 2019 (TNHBAA) - Complete Bare Act with All 57 Sections | Law on Tips

Ch. IP

reliminary

S.1Short title, extent and commencement. - (1) This Act may be called The National Housing Bank Act, 1987 S.2Definitions. - In this Act, unless the context otherwise requires,S.10Board S.13Functions of Commission S.17Autonomous boards S.19Advisory council S.23Standards and accreditation S.26Continuing education S.28Ethics and registration S.32Fund S.41Staff S.42Annual report S.46Power to make rules S.48Accounts and audit S.53Repeal and savings S.56Power to remove difficulties

Ch. IIE

stablishment Of The National Housing Bank And Capital Thereof

S.3Establishment and incorporation of National Housing Bank. - (1) With effect from such date as 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 S.4[ Capital

Ch. IIIMa

nagement Of The National Housing Bank

S.5Management. - (1) The general superintendence, direction and management of the affairs and business of the National Housing Bank shall vest in the Board of Directors, which shall exercise all powers and do all acts and things, which may be exercised or done by the National Housing Bank S.6Board of Directors. - (1) The Board of Directors of the National Housing Bank shall consist of the following, namely:S.7Terms of office of Chairman, Managing Director and other directors, service conditions, etc. - (1) The Chairman and the Managing Director shall hold office for such term, not exceeding five years and shall receive such salary and allowances and be governed by such terms and conditions of service as the Central Government may, [***], specify and shall be eligible for re-appointment:S.8Disqualifications. - No person shall be a director of the Board, if he S.9Vacation and resignation of office by directors. - (1) If a director S.11Meetings of Board. - (1) The Board shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its meetings, as may be prescribed S.12Executive Committee and other committees. - (1) The Board may constitute an Executive Committee consisting of such number of directors as may be prescribed

Ch. IVB

usiness Of The National Housing Bank

Ch. VP

rovisions Relating To Housing Finance Institutions Receiving Deposits

Ch. VIF

unds, Accounts And Audit

S.37General fund and other funds. - (1) With effect from such date as [the Central Government] may specify, the National Housing Bank shall establish a fund to be called the General Fund and all payments by the National Housing Bank shall be made out of the said General Fund S.38Preparation of balance-sheet, etc., of National Housing Bank. - (1) The balance sheet and accounts of the National Housing Bank shall be prepared and maintained in such form and manner as may be prescribed S.39Disposal of surplus. - After making provision for bad and doubtful debts, depreciation of assets and all other matters for which provision is necessary or expedient or which is usually provided for by bankers, the National Housing Bank shall transfer S.40Audit. - (1) The accounts of the National Housing Bank shall be audited by auditors duly qualified to act as auditors under [sub-section (1) of section 141 of the Companies Act, 2013 (18 of 2013)], who shall be appointed by the Reserve Bank, for such term and on such remuneration as the Reserve Bank may fix

Ch. VIIMis

cellaneous

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The National Housing Bank (Amendment) Act, 2019