Section 115: Management Committee may write to take action

1) The Management Committee may, in the course of carrying out functions relating to asset management or paying liabilities of the problematic Organisation or Association, write to the concerned agency to take actions as follows:

(a) To freeze the transactions, accounts or other movable or immovable assets of a member of the Board or an employee or his or her family member,

(b) Not to issue a passport to a member of the Board, manager or employees or to suspend such passports if issued,

(c) To include the names of the members or persons not paying back the loans of the problematic Organization or Association in the blacklist.

2) In case the writing referred to in sub-section (1) is received, the concerned agency shall carry out the action accordingly and inform the Management Committee about it.