Section 31:
Power of National Housing Bank to collect information from housing finance institutions as to deposits.
1[31. Power of National Housing Bank to collect information from housing finance institutions
as to deposits.-- (1) The National Housing Bank may at any time direct that every housing finance
institution which is a company accepting deposits shall furnish to the National Housing Bank and the
Reserve Bank in such form, at such intervals and within such time, such statements, information or
particulars relating to or connected with deposits received by such housing finance institution, as may be
specified by the National Housing Bank by general or special order.
(2) Without prejudice to the generality of the power vested in the National Housing Bank under
sub-section (1), the statements, information or particulars to be furnished under sub-section (1), may
relate to all or any of the following matters, namely, the amount of the deposits, the purposes and periods
for which, and the rates of interest and other terms and conditions on which, such deposits are received.
(3) Every housing finance institution which is a company receiving deposits, shall, if so required by
the National Housing Bank and within such time as the National Housing Bank may specify, cause to be
sent at the cost of such housing finance institution, a copy of its annual balance-sheet and profit and loss
account or other annual accounts to every person from whom the housing finance institution which is a
company holds, as on the last day of the year to which the accounts relate, deposits higher than such sum
as may be specified by the National Housing Bank.]
Notes:
1. Subs. by Act 23 of 2019, s. 159, for section 31 (w.e.f. 09-08-2019).