Amendment status not verified — confirm the current text below against the official source.
(I) The Boald may raise loans with the previous sancti~n ;f ihc Gcl.er%- Power torairez inent on such terms and conditions a% may be p~escribed by the Government for bans- the phrposes of this Acr. (2) Loans may be raised by the Board in thc ( per! market on Board securities issued by it or may be obtained ~ioi:~ the Governnlen~ or any Bank or any iinancial institutions like All Icdia hnzncial Coi porations and State Finance Colporations approved by the Government. (3) Ths terms of ail loans shall be subject to the approval of the Government. 55.(1) The Board may, with the sanction of the Go- --'nrnent, prescribe the Boara form in which the securities of the Bbard sh'a1.1 be issued by the BoL.rd and the mode securities. in which, and the con"itions subject to which, they may be transferred. (2) The holder of any Eoard security in any form may obtain in exchange therefor, upon sdch terms as tlie Board may, from time to time, determine a Board secukity in other form prescribed by rdgulations. (3) The rigbt to sue in respect of money secured by the Board securities shall' be exercisable by the holders thereof for the time being without preference in r&mt .of prior'?ty of d&e. Central Act IX of