(1) Without prejudice to the foregoing provisions of this Code, the Board shall, in exercise of its powers or the performance of its functions under this Code, 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 as to whether a question is one of policy or not shall be final.
Insolvency and Bankruptcy Code 2016
Section 221 Grants by Central Government
Section 223 Accounts and audit
Section 224 Insolvency and Bankruptcy Fund
Section 225 Power of Central Government to issue directions
Section 226 Power of Central Government to supersede Board
Section 227 Power of Central Government to notify financial service providers, etc