Section 33
Investment of assets
of Development Financial Institutions Act 2002
ActIn forceProvision 35 of 248
Section 33
(1)
Subject to subsection (2), a prescribed institution shall invest any of its assets in such manner, and maintain the assets in such place, as the Bank, with the approval of the Minister, may specify.
(2)
The Bank may direct a prescribed institution in writing—
(a)
not to make investment of a specified class or description;
or
(b)
to realise, before the expiry of a specified period or such extended period as the Bank may approve, the whole or a specified proportion of its investment.
(3)
(Deleted by Act A1502).
PART IIIA
ISLAMIC FINANCIAL BUSINESS