Power of Central Government to issue directions

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....al. (3) Before issuing any direction under this section, the Agency must be given a reasonable opportunity of being heard to express its views. (4) The Agency is bound by the directions issued under this section in the exercise of its powers or the discharge of its functions, under this Chapter. - Clauses 118 to 142 of the Bill seeks to insert a new Chapter VII in the Finance Bill, 2015 which....

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....nt otherwise than under this Chapter; (ii) purchasing, re-issuing and trading in Government securities; and (iii) carrying out such other transactions as may be required for management of public debt; (d) to provide that the Central Government shall entrust the Agency with the issue of Government securities; (e) to provide that the Agency shall be responsible for making the payment to holders ....