19. Business which
the Bank may not transact.- Save as otherwise provided
in sections 17, 18, 42 and 45, the Bank may not –
(1) engage in trade or otherwise have a direct interest in
any commercial, industrial, or other undertaking except such
interest as it may in any way acquire in the course of the
satisfaction of any of its claims:
Provided that all such interests shall be disposed of at
the earliest possible moment;
(2) purchase the shares of any banking company or of any
other company, or grant loans upon the security of any such
shares;
(3) advance money on mortgage of, or otherwise on the security
of, immovable property or documents of title relating thereto,
or become the owner of immovable property, except so far as
is necessary for its own business premises and residences
for its officers and servants;
(4) make loans or advances;
(5) draw or accept bills payable otherwise than on demand;
(6) allow interest on deposits or current accounts.
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