Section 31: Power of the Board to make regulations

31. Power of the Board to make regulations.—(1) The Board may make regulations not inconsistent with the provisions of this Ordinance and the rules made hereunder to provide for all matters for which provision is necessary or expedient for carrying out the purposes of this Ordinance. (2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for,— (a) the manner and terms of issue and redemption of bonds and debentures by the Corporation; (b) the form of returns and statements required to be prepared under this Ordinance; (c) the duties and conduct of officers and servants and agents of the Corporation; the recruitment of officers and staff of the Corporation, the terms and conditions of their service, the constitution and management of provident or other funds for the officers and staff of the Corporation connected with any of these things; (d) the disclosure of interest, direct or indirect of any director or any member of the Administration Committee in any financial institution or obligor; (e) the manner in which the handing over of all original documents and files from the financial institution to the Corporation will take place; and (f) generally for the efficient conduct of the affairs of the Corporation. CHAPTER VII. — RIGHTS AND REMEDIES OF CORPORATION

Effective date: 2000-01-01

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