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[Cites 0, Cited by 0] [Section 7] [Entire Act]

Union of India - Subsection

Section 7(5) in The National Housing Bank Act, 1987

(5)The directors shall be paid such fees and allowances as may be prescribed for attending the meetings of the Board or of any of its committees and for attending to any other work of the National Housing Bank:Provided that no such fee shall be payable to any director, who is an official of the Government or a director of the Reserve Bank.