Management and Investment Companies Act 1983
17Policies and practices of Board
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17 Policies and practices of Board
(1) The Minister may, by notice in writing delivered to the Chairman or acting Chairman and expressed to be given under this section, give directions to the Board with respect to the policies and practices to be followed by the Board in the performance of its functions and exercise of its powers under this Act, and the Board shall comply with any such direction that is in force. (2) The Minister shall cause to be published in the Gazette particulars of any direction given under subsection (1) and of any revocation of any such direction. (3) Nothing in this section authorizes the Minister to give a direction to the Board in relation to a particular business entity.