Section 20, National Housing Bank Act, 1987 [S1V-8XY]
As at 7 September 2026. In force from 13 July 1988 by S.O. 172(E) [N12-499].
20. Grant of licence.—(1) An application for a licence to undertake the development of land shall be made to the Corporation in Form A, accompanied by a fee of ten thousand rupees. (2) The Corporation may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Corporation may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (1)
Corporation: Section 2, National Housing Bank Act, 1987 [S1V8BQ] (In this Act, unless the context otherwise requires,—): "Corporation" means the Municipal Corporation established under section 3
Corporation: 30 more definitions.
Made under this section, or naming it (0)
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Cited by (1)
Section 19, National Housing Bank Act, 1987 [S1V-8WW], 23 July 1987, Band A. "section 20".
Not held (0)
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Duties published under this section (0)
none