POWER TO MAKE REGULATIONS

The Board may, by notification in the Official Gazette, make regulations not inconsistent with this Act and the rules made there under to provide for all or any of the following matters, namely: (a) The administration of the funds and other property of the Board and the maintenance of its accounts; (b) Summoning and holding of meetings of the Board, the times and places at which such meetings shall be held, the conduct of business there at and the number of members necessary to constitute a quorum; (c) The duties of officers and other employees of the Board, and their salaries, allowances and other conditions of service; (d) All matters necessary or expedient for regulating the operation of the Board under Sec. 20: (e) The making of advances to licensees by the Board under Sec. 23 and the manner of repayment of such advances; (f) The making of contributions by the Board under Sec. 24; (g) The procedure to be followed by the Board in inviting, considering and accepting tenders; (h) Principles governing the fixing of Grid Tariffs; (i) Principles governing the making of arrangements with licensees under Sec. 47; (j) Principles governing the supply of electricity by the Board to persons other than licensees under Sec. 49; (jj) Expending sum not included in statement submitted under sub-section (1) or sub-section (5) of Sec. 61, under sub-section (2) of Sec. 62; (k) Any other matter arising out of the Board's functions under this Act for which it is necessary or expedient to make regulations: Provided that regulations under Cls. (a), (d) and (jj) shall be made only with the previous approval of the State Government and regulations under Cls. (h) and (i) shall be made with the concurrence of the authority.