The Rehabilitation Finance Administration Act

Short title, extent and commencement

Definitions

Establishment and incorporation

Constitution of the Administration

Advisory Board

Terms of office of the members of the Administration and the Advisory Board

Disclosure of interest

Removal from membership

The Chief Administrator

Staff

Funds of the Administration

Business of the Administration

Loans

Power to call for repayment before agreed period

Mode of recovery

Accounts and audit

Power of inspection

Returns

Power of Central Government to give direction

Exemption from taxes

Liquidation of the Administration

Delegation

Power to make rules

Power to make regulations

Laying of rules and regulations before Parliament

All sections

If the amount of loan or any instalment thereof or interest thereon which is
due, in accordance with the terms of the contract or under the provisions of section 14, has not been
repaid, the Administration may,—

(a) without prejudice to any other remedy provided by law, recover such loan, instalment or interest
as arrears of land revenue, or

(b) take charge of the business or industry of the borrower on such terms and conditions as it may
deem fit.

LAWGIST

# 15 Mode of recovery