Regulations

Regulations.--(1) The Corporation may, with the previous approval of the Government, make regulations not inconsistent with this Act and the rules made thereunder for the administration of the affairs of the Corporation.

1. (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) salaries and allowances and other conditions of service of employees of the Corporation;
   • (b) the times and places of meetings of the Corporation and the procedure in regard to the transaction of business at such meetings;
   • (c) any other matter which has to be or may be prescribed by regulations.
2. (3) The Government may, by notification in the Government Gazette, rescind any regulations which may be so made by the Corporation and thereupon the regulations shall cease to have effect.
3. (4) The Corporation may, with the previous approval of the Government and any regulations so made, may be altered or rescinded by the Corporation in the exercise of its powers under sub-section (1).