Section 29

The application shall be in such form and with such particulars as may be prescribed, and shall be accompanied by a copy of such financial agreement.

Where the Board is satisfied as to the bona fides of such application and that it is expedient in the public interest to do so, it may issue a certificate certifying the loan specified in such application as an approved foreign loan.

Every certificate issued under subsection (3) of this section shall be in such form and contain such particulars as may be prescribed, and shall be subject to such conditions as the

Board thinks fit.

Restriction on disposal of specified productive equipment.