Power of Board and Corporation to make regulations

Power of Board and Corporation to make regulations.

1. (1) The Board or, as the case may be, the Corporation may, with the previous sanction of the State Government, make regulations not inconsistent with this Act and the rules made thereunder, for the administration of the affairs of the Board or, as the case may be, the Corporation and for carrying out all or any of the purposes of 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 time and place of meetings of the Board or the Corporation, 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;
   • (b) the appointment, recruitment, promotion, conduct, discipline, punishment, leave, leave allowances, acting allowances, allowances, and other conditions of service of the officers and servants of the Board or the Corporation;
   • (c) the delegation of powers and duties of the Board or the Corporation to its Chairman, or any officer or servant of the Board or the Corporation;
   • (d) the maintenance of minutes of the meetings of the Board or the Corporation and the transmission of copies thereof to the State Government;
   • (e) the persons by whom, and the manner in which, payments, deposits and investments may be made on behalf of the Board or the Corporation;
   • (f) the custody of moneys required for the current expenditure and the investment of moneys not so required;
   • (g) the form of accounts and the manner in which accounts shall be maintained;
   • (h) the form in which and the time at which the budget of the Board or the Corporation shall be prepared and submitted to the State Government.