(1) Without prejudice to the foregoing provisions of 1[this Act or the Depositories Act, 1996 (22 of 1996)], the Board shall, in exercise of its powers or the performance of its functions under 1[this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to it from time to time:
Provided that the Board shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section.
(2) The decision of the Central Government whether a question is one of policy or not shall be final.
Footnotes in the official text
- 1.Subs. by Act 22 of 1996, s. 30 and the Schedule, for “this Act” (w.e.f. 20-9-1995).