22. [(1) The Corporation may, with the previous approval of the Government, issue and sell bonds and debentures carrying interest at such rate as may be approved by the Government for the purpose of raising its working capital:
Provided that the total of the sums due on such bonds and debentures issued and outstanding and of the contingent liabilities of the Corporation in respect of guarantees or underwriting agreements shall not at any time exceed Taka Twenty-five crore or such higher amount as the Government may, by notification in the official Gazette, fix.]
(2) The bonds and debentures of the Corporation shall be guaranteed by the Government as to the repayment of principal and payment of interest at such rate as may be fixed by the Government at the time when the bonds and debentures are issued.
[(3) The Corporation may, with the prior approval of the Government, borrow money for carrying out the purposes of this Act.]
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