Amendment status not verified — confirm the current text below against the official source.
Power of Board to make regulations.- The Board may, subject to the approval of the trustee and of the State Government, make regulations not inconsistent with the provisions of this Chapter :- (i) for fixing the period of debentures and the rate of interest payable thereon; (ii) for calling in debentures after giving notice to debenture- holders; (iii) for the issue of new debentures in place of debentures damaged or destroyed; (iv) for converting one class of debentures into another bearing a different rate of interest; and (v) generally for carrying out the provisions of this Chapter. 2[14-A-Security for loans.- (1) Subject to the provisions of this Act, the Agriculture and Rural Development Bank and the Primary Agriculture and Rural Development Bank may advance loans to individuals and institutions on the security of lands and other fixed assets or of assets acquired by the loans borrowed which have been hypothecated to the Agriculture and Rural, Development Bank, as or the Primary Agriculture Rural Development Bank