Section 16. Power to Central Government to issue directions

CHAPTER VII MISCELLANEOUS 16. Power to Central Government to issue directions. —(1) Without prejudice to the foregoing provisions of[2] [this Act or the Depositories Act, 1996 (22 of 1996)], the Board shall, in exercise of its powers or the performance of its functions under[2] [this Act or the Depositories Act, 1996 (22 of 1996)], be bound by such directions on questions of policy as the Central Government may give in writing to it from time to time: Provided that the Board shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section. (2) The decision of the Central Government whether a question is one of policy or not shall be final.