The Board may, if it thinks fit, delegate all or any of its powers under sections 13, 20 and 25 to an executive committee constituted by it and consisting of two or more of its members.

Power of Board to make regulations 38. Notwithstanding anything contained in the Madras Co-operative Societies Act, 1932, or the rules made thereunder, the Board shall have a general power of supervision over the 1[primary land development banks] and may make regulations not inconsistent with this Act or the rules made thereunder,

1. (a) for the inspection of the account books and proceedings of 1[primary land development banks];
2. (b) for the submission of returns and reports by 1[primary land development banks] in respect of their transactions;
3. (c) for the periodical settlement of accounts between 1[primary land development banks] and the 2[State Land Development Bank] and for the payment of the amounts recovered by 1[primary land development banks] on mortgages transferred 3[or deemed under the provisions of section 23-A to have been transferred] to the 2[State Land Development Bank];
4. (d) prescribing the form in which applications to 1[primary land development banks] for loans should be made and for the valuation of the properties offered as security for such loans;
5. (e) for the investment of moneys realized from the mortgagors; and
6. (f) generally for the purpose of safeguarding the interests of the parties concerned and for carrying out the purposes of this Act.