s 103 Powers of Minister
(1) Where the Minister receives a report and recommendation under section 102, he may decide, on the recommendation of the Bank— (a) not to take any action in the matter, and inform the Minister referred to in subsection 102(1) or the State Authority referred to in subsection 102(2) which submitted the report accordingly; or (b) that it is necessary to examine into the business and affairs of the development financial institution for the protection of the interests of its stakeholders. (2) For the avoidance of doubt, it is hereby declared that— (a) before the Minister makes a decision under paragraph (1)(b); or (b) before the Minister referred to in subsection 102(1) or the State Authority referred to in subsection 102(2), submits the report and recommendation under section 102 to the Minister, it shall not be necessary for the Minister, or the Minister referred to in subsection 102(1) or the State Authority referred to in subsection 102(2), to give an opportunity to the development financial institution to make any representation to the Minister, or to the Minister referred to in subsection 102(1), or to the State Authority referred to in subsection 102(2), as the case may be.