Section 32Part 6 — General and Supplementary
Policy guidelines
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The Bank may formulate policy guidelines and procedures that it considers necessary or expedient for the purpose of enabling it to carry out its functions under this Law.
Without prejudice to the generality of subsection (1), the policy guidelines made by the Bank may make provision —
governing the proceedings of the Bank and the manner and transaction of its business;
prescribing the limits of net worth of borrowers in respect of certain categories of loans, the limits within which loans may be made, the methods of disbursement, and of securing loans made under this Law;
prescribing the periods within which loans made under this Law shall be repayable;
prescribing the manner in which documents, cheques and instruments of any description shall be signed or executed on behalf of the Bank or by other parties in transactions in connection with the Bank’s exercise of its functions;
prescribing the circumstances in which officers may receive travelling and subsistence allowances and fixing the rates of such allowances; and
imposing fees in such cases as may be determined by the Bank.