Section 10: Transactions of Securities

(1) The bank or financial institution shall, while issuing its securities for subscription to the general public, carry out the acts of sale, allotment and the act of exchange in accordance with the prevailing laws
relating to securities.

(2) The bank or financial institution shall submit a copy of an agreement entered into by it on the dealing of securities through any institution dealing in securities before the Rastra Bank within seven days after the date of entering into such agreement.

(3) The bank or financial institution shall, while issuing any type of debenture or financial instrument, have to obtain prior approval from the Rastra Bank.

(4) The Rastra Bank ma, while approving pursuant to sub-section (3), specifies required terms and conditions, and it shall be the duty of the concerned bank or financial institution to abide by such terms and conditions.