| (1) The Board may make rules for or in respect of all or any of the following matters:
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| (a) all matters stated or required by this Law to be prescribed or for which rules are authorized to be made by this Law; | | |
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| (b) the appointment, promotion, remuneration, disciplinary control and conduct of the employees of the Bank and the grant of leave, relief and other matters connected therewith; | | |
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| (c) the payment from the funds of the Bank of remuneration (including allowances for travelling and subsistence) to its employees or other persons performing services for the Bank; | | |
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| (d) the issue, registration, transfer, redemption and cancellation of debentures and all matters incidental to or consequential upon such issue, registration, transfer, redemption or cancellation; | | |
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| (e) the forms to be used for any of the purposes of this Law; | | |
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| (f) the maximum limit of loans granted by the Bank on the mortgage of movable and immovable property; | | |
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| (g) the circumstances in which such loans may be granted or refused; | | |
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| (h) the amount, the manner of payment of interest and repayment of capital, in respect of such loans; | | |
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| (i) the minimum rate of the interest to be charged on loans; | | |
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| (j) the rates of penal interest, the circumstances in which the same shall be charged and other matters connected therewith; | | |
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| (k) all other matters not herein before mentioned concerning the business of the Bank; | | |
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| (l) all matters connected with the establishment of the Bank and the transfer to the Bank of the undertakings carried on by the Board of Directors of the Ceylon State Mortgage Bank or the Board of Directors of the Agricultural and Industrial Credit Corporation; | | |
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| (m) all matters connected with or incidental to the matters aforesaid. | | |
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Sri Lanka Consolidated Acts