Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)

No account shall be opened on behalf of the department at the Bank without the written approval of the Director-General, and, subject to the provisions of section 12M, the Bank shall not allow such an account to be overdrawn investments.

[Section 12P substituted by section 2 of Act No. 35 of 1995]