Amendment of Act 53 of 1987 In the National Housing Bank Act. 1987 — (a) in section 14,— (i) in clause (b), after the words “scheduled banks”, the words “or to any authority established by or under any Central, State or Provincial Act and engaged in slum clearance” shall be inserted; (ii) after clause (h), the following clause shall be inserted, […]
Deposit not to be taken into account in certain cases Without prejudice to the generality of the provisions of section 3,— (a) the deposit shall not be taken into account for the purpose of any proceeding under the Income-tax Act, 1961 (43 of 1961), and, in particular, the depositor shall not be entitled to claim any
Immunities (1) Notwithstanding anything contained in any other law for the time being in force,— (a) no person, who has made a deposit with the National Housing Bank in accordance with the scheme, shall be required to disclose, for any purpose whatsoever, the nature and source of the deposit; (b) no inquiry or investigation shall be commenced
Definitions In this Act, unless the context otherwise requires,— (a) “deposit” means a voluntary deposit made by any person with the National Housing Bank in accordance with the scheme on or after the commencement of this Act but before the specified date. Explanation.—For the purposes of this clause, “specified date” means the 1st day of December,
Short title and extent. (1) This Act may be called the Voluntary Deposits (Immunities and Exemptions) Act, 1991. (2) It extends to the whole of India.