Section 5: Management. - (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

Q: What does Section 5 of The National Housing Bank (Amendment) Act, 2019 (TNHBAA) deal with?

Section 5 TNHBAA pertains to "Management. - (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". It is part of the The National Housing Bank (Amendment) Act, 2019, a legislation enacted by the Parliament of India. Section 5 of The National Housing Bank (Amendment) Act, 2019 (TNHBAA) governs management. - (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. As verified on 19 May 2026.

Q: Is Section 5 TNHBAA still in force?

Yes, Section 5 of the The National Housing Bank (Amendment) Act, 2019 is currently in force across the Republic of India.

Q: What is धारा 5 TNHBAA?

धारा 5 TNHBAA is the Devanagari Hindi reference for Section 5 of the The National Housing Bank (Amendment) Act, 2019. Section 5 of The National Housing Bank (Amendment) Act, 2019 (TNHBAA) governs management. - (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. As verified on 19 May 2026.

Q: What is Dhara 5 TNHBAA?

Dhara 5 TNHBAA is the Roman Hindi reference for Section 5 of the The National Housing Bank (Amendment) Act, 2019. "Dhara" means "Section" in Hindi. Section 5 of The National Housing Bank (Amendment) Act, 2019 (TNHBAA) governs management. - (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. As verified on 19 May 2026.

Q: How to cite Section 5 of The National Housing Bank (Amendment) Act, 2019?

Cite as: "Section 5, The National Housing Bank (Amendment) Act, 2019 (TNHBAA)" in legal briefs. For academic writing, use the BlueBook format: The National Housing Bank (Amendment) Act, 2019, § 5 (India).

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(2)

Subject to the provisions of this Act, the Board, in discharging its functions, shall act on business principles with due regard to public interest.

(3)

Subject to the provisions of sub-section (1) and save as otherwise provided in the regulations made under this Act,-

(a) [ the Chairman, if he is a whole-time Director or if he is holding offices both as the Chairman and the Managing Director, or

(b) the Managing Director, if the Chairman is not a whole-time Director, or if the Chairman being a whole-time Director, is absent,]

(4)

The Managing Director shall, in the discharge of his powers and functions, follow such directions as the Chairman may give.

(5)

In the discharge of its functions under this Act, the National Housing Bank shall be guided by such directions in matters of policy involving public interest as the Central Government, [***] [Omitted 'in consultation with the Reserve Bank, or the Reserve Bank' by Finance Act, 2018 (Act No. 13 of 2018) dated 29.3.2018.], may give in writing.