Policy directives of the Minister

(l) The Minister may, in relation to matters that appear to him to affect the public interest, from time to time give to the Board directions in writing of a general character, not inconsistent with the provisions of this Act, on the policy to be followed in the carrying out of the functions vested in the Institute, by or under this Act, and the Board shall, as soon as may be, give effect to all such directions. (2) The Institute shall afford to the Minister, through the Board, facilities for obtaining information with respect to its property and activities and furnish him with returns, accounts 20 and other information with respect thereto, and afford to him facilities for the verification of information furnished, in such manner and at such times as he may reasonably require. (3) If the Board fails to comply with any directions issued under this section, the Prime Minister may make an Order published in the Gazette transferring to the Minister in whole or in part any of the functions of the Board.