Power to make rules.

1. (1) The Government may, in consultation with the Board, by notification in the Official Gazette, make rules for carrying out the purposes of this Act.
2. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for,—
   • (a) sum of money out of Board’s fund to be kept in current account or in deposit account with the State Bank of India or any other Bank under sub-section (2) of section 29;
   • (b) conditions for borrowing money in the open market or otherwise under section 31;
   • (c) date for submission of an annual financial statement and the programme of work for the succeeding financial year, to the Government, under sub-section (1) of section 34;
   • (d) form and details of the annual financial statement under sub-section (2) of section 34;
   • (e) form and manner in which books of account and other books in relation to its business and transaction to be maintained under sub-section (1) of section 35;
   • (f) form of the Declaration to be submitted along with the application to the Board under sub- section (1) of section 41;
   • (g) form and details for submission of an annual report under sub-section (2) of section 50.
3. (3) Every rule made by the Government under this Act shall be laid as soon as may be

immediately following, the House agrees in making any modification in the rules or House agrees that the rules should not be made, the rules shall thereafter have effect only in such modified form or be of no effect, as the case may be, so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under such rules.