Amendment status not verified — confirm the current text below against the official source.
The Board may, subject to the approval of the Trustee, make regulations not inconsistent with the provision of this Act, the rules and the bye-laws of [Uttar Pradesh Sahakari Gram Vikas Bank]2, providing for all or any of the following matters:- (a) fixing the period of debentures and the rate of interest payable thereon; (b) calling in debentures after giving notices to debenture- holders; (c) issue of new debentures in place of debentures damaged or destroyed; (d) converting one class of debentures into another bearing a different rate of interest; (e) inspection of the account books and proceedings of [Krishi Evam Grmya Vikas Bank]2; (f) submission of return and reports by [Krishi Evam Grmya Vikas Bank]2 in respect of their transactions ; (g) periodical settlement of accounts between [Krishi Evam Grmya Vikas Bank]2 banks and the [Uttar Pradesh Sahakari Gram Vikas Bank]2, and for the payment of the amounts recovered by the [Krishi Evam Grmya Vikas Bank]2 on mortgages transferred or deemed under section 12 to have been transferred to the [Rajya Krishi Evam Grmya Vikas Bank]2; (h) specifying the form in which application to [Krishi Evam Grmya Vikas Bank]2 or to the [Uttar Pradesh Sahakari Gram Vikas Bank]2 for loans should be made and the procedure to be followed in the advancement of such loan; (i) Valuation of the proportion offered as security for loans (j) investment of moneys realized from mortgagors; and (k) generally for any other matter in respect of which the Board considers the provisions should be made for the purposes of this Act : Provided that the regulations framed under clause (i) shall be subject to the approval of the State Government. Power of state Government to make rules