Power of Board to borrow

(1) The Board may, from time to time, with the previous sanction of the Government and subject to the provisions of this Act and to such conditions as may be prescribed in this behalf, borrow any sum required for carrying out the purposes of this Act, by the issue of debentures or otherwise. (2) All debentures issued by the Board shall be in such form as the Board may with the sanction of the Government determine from time to time. (3) Every debenture shall be signed by the Chairman and one other member, if there is any. (4) Loans borrowed and debentures issued under this section along with interest, may be guaranteed by the Government.