Act Number: 53

Act Name: The National Housing Bank Act, 1987

Year: 1987

Enactment Date: 1987-12-23

Long Title: An Act to establish a bank to be known as the National Housing Bank to operate as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions and for matters connected therewith or incidental thereto.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 54A: Power to make rules.
    1[54A. Power to make rules.--(1) The Central Government may, by notification, make rules to carry out the provisions of this Act.
     (2) Without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:--
         (a) qualifications for appointment as a recovery officer under sub-section (1) of section 36D;
         (b) the salaries and allowances and other terms and conditions of service of the officers and other employees of the Appellate Tribunal under sub-section (3) of section 36M;
         (c) the salaries and allowances and other terms and conditions of service of the Presiding Officers of the Appellate Tribunal under section 36N; and
         (d) the procedure for the investigation of misbehaviour or incapacity of the Presiding Officers of the Appellate Tribunals under sub-section (3) of section 36P.]
Notes:
1. Ins. by Act 15 of 2000, s. 27 (w.e.f. 12-6-2000).
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