Power to make regulations

Power to make regulations

1. (1) The Board may, with the previous sanction of the Government, make regulations not inconsistent with this Act and the rules made thereunder for enabling it to discharge its functions under this Act.
2. (2) In particular and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:—
   • (a) the terms and conditions of appointment and service and the scales of pay of officers and servants of the Board, including the payment of gratuities and other benefits to them;
   • (b) the time and place of meetings of the Board, the procedure to be followed in regard to the transaction of business at such meetings and the quorum necessary for the transaction of such business at a meeting;
   • (c) the delegation of powers and duties to the Secretary or any other officer or employee of the Board;
   • (d) the maintenance of minutes of meetings of the Board and the transmission of copies thereof to the Government;
   • (e) the persons by whom, and the manner in which, payments, deposits and investments may be made on behalf of the Board;
   • (f) the custody of money required for the current expenditure of the Board and investment of money not so required;
   • (g) the maintenance of accounts; and
   • (h) all other matters which have to be, or may be, prescribed by regulations.
3. (3) The Government may, by notification, rescind any regulation which it has sanctioned and thereupon the regulation shall cease to have effect.