LawgistThe National Housing Bank Act
54Liquidation of National Housing Bank
No provision of law relating to the winding up of companies shall apply to the National Housing Bank and the National Housing Bank shall not be placed in liquidation save by order of the Central Government and in such manner as it may direct.
Download our fully-offline, High speed android app.- Click here
MISCELLANEOUS
- 43 Staff of National Housing Bank
- 43A Delegation of powers
- 44 Obligation as to fidelity and secrecy
- 45 Defects in appointment not to invalidate acts, etc
- 45A Arrangement with National Housing Bank on appointment of directors to prevail
- 46 Protection of action taken under the Act
- 47 Indemnity of directors
- 47A Nomination in respect of deposits, bonds, etc
- 48 Explanation from tax on income
- 49 Penalties
- 50 Offences by companies
- 51 Cognizance of offences
- 52 Application of fine
- 52A Power of National Housing Bank and Reserve Bank to impose fin
- 53 Bankers’ Books Evidence Act 18 of 1891, to apply in relation to the National Housing Bank
- 54 Liquidation of National Housing Bank
- 54A Power to make rules
- 55 Power of the Board to make regulations
- 56 Amendment of certain enactments
- 57 Power to remove difficulties
