Section 33
Power To Put Conditions
(1) Trust, while doing business with, or providing loan to any corporate body, may cause to execute document upon putting such condition as per necessity for the protection of its interest and for the appropriate utilization of the loan or facility provided by it.
(2) Notwithstanding anything contained in the prevailing law, while causing to execute documents pursuant to Sub Section (1), Trust may fix any pay back date, prescribe condition to pay back the principal and interest of the loan utilized by the borrowing corporate body from the asset accepted as security and from the Guarantor in case the term and condition fixed by the Trust violated.
(3) Trust, while providing loan to any corporate body, may put condition of providing loan gradually in installment in the form of cash, cheque or letter of commitment or letter of credit by causing to execute the documents for the entire loan amount calculating interest from the date when the corporate body receives the installment.
(4) While putting conditions pursuant to Sub Section (1), Trust may even put condition of appointing Director in the Board of Directors of any corporate body and if such condition is effected, notwithstanding anything contained in this Act or prevailing law, such condition shall prevail.