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House Building Finance Corporation Act, 1952(Repeal by act XXV of 2018,s.2)
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Contents
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1.
Short title, extent and commencement
2.
Interpretation
3.
Establishment and incorporation of the Corporation
4.
Share capital and shareholders
5.
[Omitted.]
6.
Management
7.
Constitution and powers of the Executive Committee
8.
Managing Director
9.
Board of Directors
10.
Term of office of Directors
11.
Disqualification
12.
Directors absent from three consecutive meetings
13.
Appointment of officers, advisers
14.
Chairman of the Board
15.
Technical advisory committee
16.
Meetings of the Board and the Committee
17.
Fees for attending meetings
18.
Regional Office
19.
Deposit Account
20.
Investment of funds
21.
Raising of funds
22.
Deposits to the Corporation
23.
Business which the Corporation may transact
24.
Conditions for investments
25.
Limit on investments
25 A.
Partner to pay Fees etc
26.
Power to impose conditions
26 A.
[Omitted.]
27.
Prohibited business
28.
Rights of Corporation in cases of default
29.
Power to call for payment before agreed period
30.
Special provisions for enforcement of claims by the corporation
30 A.
Act to override other laws, etc
31.
Act XVIII of 1891 to apply to the books of the Corporation
32.
Maintenance of accounts and disposal of profits
33.
[Omitted.]
34.
Audit
35.
Returns
36.
Liquidation of Corporation
37.
Indemnity of Directors
38.
Declaration of fidelity and secrecy
39.
Provisions relating to income-tax and super-tax
40.
Offences
41.
Power of Federal Government to make rules
42.
Power of the Board to make regulations
SCHEDULE.
The schedule
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