34. (1) The Government may make rules for carrying out the purposes of this Order and where the regulations framed under the succeeding Article are inconsistent with the rules made under this Article the rules shall prevail.
(2) Without prejudice to the provision of clause (1), such rules may provide for-
(a) the duties and powers of the Managing Director;
(b) the manner, conditions and terms of issue and redemption of bonds and debentures;
(c) the conditions subject to which advances, loans and credit may be granted to-
(i) the Director;
(ii) the member of the Technical Advisory Committee;
(iii) the employee of the Bank;
(iv) the relatives of the persons mentioned in this clause;
(v) the individuals, co-operative societies and other bodies corporate with whom these persons or their relatives are connected as partners, directors, managers, servants, or otherwise.