(1) The Board may, subject to the approval of the Trustee, make regulations not inconsistent with the provisions of this Act and the rules made thereunder for enabling it to discharge its functions under this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:-
(a) fixing the period of debentures and the rate of interest payable thereon ;
(b) calling in debentures after giving notice to debenture holders ;
(c) the issue of new debentures in place of debentures damaged or destroyed ;
(d) converting one class of debenture into another, bearing a different rate of interest ;
(e) the inspection of the account books and proceedings of Mortgage Banks ;
(f) the submission of returns and reports by Mortgage Banks in respect of their transaction ;
(g) the periodical settlement of accounts between Mortgage Bank and the payment of the amounts recovered by Mortgage Banks on mortgages transferred or deemed under the provisions of Section 21 to have been transferred to the Central Mortgage Bank ;
(h) specifying the form in which applications to Mortgage Banks for loans should be made and for the valuation of the properties offered as security for such loans ;
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(i) the investment of moneys realised from mortgagor ; and
(j) generally for any other matter in respect of which the Board considers provision should be made for the purposes of this Act.
(3) All such regulations shall be published in the official Gazette.