Section 21 — Regulations

The Board may, with the approval of the Minister, make regulations generally for carrying into effect the provisions of this Act and, in particular:

(a) to vary:

(i) the penalties which the Board may impose for failure to submit a return under section 16 of this Act;

(ii) the agricultural purposes set out in the Schedule to this Act;

[Schedule.]

(iii) the maximum liability of the Fund in respect of guarantees;

(iv) the amount of unsecured loans that may be granted to a small scale farmer;

(v) the amount of loans guaranteed to individuals and corporate bodies; and

(b) to require a farmer, who receives a loan under this Act for insurable crops, to take an agricultural insurance.