The National Housing Bank Act, 1987 · V — ; or

Section 57. Power to remove difficulties

In force · As amended up to 2026-08

57. Power to remove difficulties.— If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, not inconsistent with the provisions of this Act, remove the difficulty: Provided that no such order shall be made after the expiry of a period of three years from the commencement of this Act. 1. Ins. by Act 15 of 2000, s. 28 (w.e.f. 12-6-2000). 2. The words "by the Reserve Bank," omitted by Act 13 of 2018, s. 177 (w.e.f. 1-6-2018). 3. Subs. by Act 15 of 2000, s. 28, for "regulation or scheme" (w.e.f. 12-6-2000). THE FIRST SCHEDULE [ See section 44(2)] DECLARATION OF FIDELITY AND SECRECY I, .......... do hereby declare that I will faithfully, truly and to the best of my skill and ability execute and perform the duties required of me as director, member of the..................... committee, auditor, advisor, officer or other employee (as the case may be) of the National Housing Bank and which properly relate to the office or position held by me in or in relation to the said National Housing Bank. I further declare that I will not communicate or allow to be communicated to any person not legally entitled thereto any information relating to the affairs of the National Housing Bank nor will I allow any such person to inspect or have access to any books or documents belonging to or in the possession of the National Housing Bank and relating to the business of the said National Housing Bank or the business of any person having any dealing with the said National Housing Bank. Signed before me. (Signature) ______ [ The Second Schedule .] — Rep. by the Repealing and Amending Act , 2001 (30 of 2001), s . 2 and the First Schedule ( w.e.f . 3-9-2001). __________ 1[THE THIRD SCHEDULE ( See section 16A) DECLARATION REFERRED TO IN SECTION 16A OF THE NATIONAL HOUSING BANK ACT, 1987 Place Date: I/we ______________________ hereby declare that in consideration of the assistance sanctioned by the National Housing Bank to me/us at my/our request, as specified in the Annexure hereto, I/we agree that the immovable property specified in the said Annexure shall constitute security for the said assistance and I/we further agree that the dues relating to the assistance mentioned above, shall, on and from the date of these presents, be a charge on the said immovable property. 1. Signed and delivered by ………………………….. (Borrower)

Source: India Code

How this section changed

  1. inserted by Act 15 of 2000, s. 28

    In force from 12 Jun 2000

    Footnote: 1. Ins. by Act 15 of 2000, s. 28 (w.e.f. 12-6-2000).