Public Debt Management Agency governance: Board structure, member appointment, removal grounds, and delegation of functions.

Establishes a Public Debt Management Agency governed by a Board appointed by the Central Government, including executive members such as the Chief Executive Officer and nominee members from the Government and the Reserve Bank; sets terms of office, mutual resignation and termination on notice or pay in lieu, and removal grounds including insolvency, unsoundness of mind, conviction for offences involving moral turpitude, or abuse of position; empowers the Board to allocate functions and mandates bye laws, preserves acts despite vacancies or procedural defects, and designates functions for debt information, securities trading and issuance, payments, government directions and tax exemption.

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