29. Power of the Board to make regulations. - 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 Sahkari Gram Vikas Bank] 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 [Gram Vikas Banks];
(f) submission of return and reports by [Gram Vikas Banks] in respect of their transactions;
(g) periodical settlement of accounts between [Gram Vikas Banks] and the [Uttar Pradesh Sahkari Gram Vikas Bank] and for the payment of the amounts recovered by the [Gram Vikas Banks] on mortgages transferred or deemed under Section 12 to have been transferred to the [Uttar Pradesh Gram Vikas Bank];
(h) specifying the form in which application to [Gram Vikas Bank] or the [Uttar Pradesh Sahkari Gram Vikas Bank] for loans should be made and the procedure to be followed in the advancement of such loans;
(i) valuation of the properties offered as security for loans;
(j) investment of moneys realised 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.