Section 37: General Fund and other funds.

The National Housing Bank Act, 1987Central Act · Act 53 of 1987

(1) With effect from such date as [the Central Government] may specify, the National Housing Bank shall establish a fund to be called the General Fund and all payments by the National Housing Bank shall be made out of the said General Fund.

(2) The Board may, and shall, if so directed by [the Central Government], create a special fund or a reserve fund or such other funds as may be prescribed.

Where this provision sits

Act	The National Housing Bank Act, 1987
Section	37
Marginal note	General Fund and other funds.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 13 of 2018. . Subs. by Act 13 of 2018, s. 172, for “the Reserve Bank” (w.e.f. 1-6-2018).

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