(1) If any individual or body corporate, taken
contract or being partner in any type of contract with the Fund or being
invested by the Fund or borrowed loan from the Fund makes any harm to the
Fund or fails to repay the outstanding dues payable to the Fund, the Fund
may write to the competent authority for blacklisting to such individual or
body corporate in accordance with the prevailing laws.
(2) If the Fund writes according to Sub-Section (1), the concerned authority
shall make blacklisting to such individual or body corporate.
(3) No the Fund shall lend loan, give contract or make partner or make any
type of investment to the individual or body corporate blacklisted according
to Sub-Section (2) upto two years from the date of removing from blacklist.