National Housing Bank Act,1987

Act No : 53

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Section : Board of Directors.

6. Board of Directors. (1) The Board of Directors of the National Housing Bank shall consist of the following, namely:-- (a) a Chairman and a Managing Director: Provided that the same person may be appointed as Chairman and as Managing Director; (b) three directors from amongst the experts in the field of housing, architecture, engineering, sociology, finance, law, management and corporate planning or in any other field, special knowledge of which is considered useful to the National Housing Bank; (c) three directors, who shall be persons with experience in the working of institutions involved in providing funds for housing or engaged in housing development; (d) two directors from out of the directors of the Reserve Bank; (e) three directors from amongst the officials of the Central Government; (f) two directors from amongst the officials of the State Government. (2) The Chairman, the Managing Director and other directors excluding the directors referred to in clause (d), shall be appointed by the Central Government in consultation with the Reserve Bank and directors referred to in clause (d) shall be nominated by the Reserve Bank.

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