Power to make Rules

The State Government may, by notification, make rules for carrying out the purposes of this Act. 15. (1) The management of the affairs of the Nigam shall vest in a Board of Directors, which shall consist of such number of Directors as may be prescribed by the State Government, and those Directors shall be appointed by the State Government. (2) The State Government shall nominate one of the Directors to be the Chairman of the Board. (3) The term of office and the manner of filling casual vacancies among the Directors shall be such as may be prescribed. A Director of the Nigam or a member of a committee who has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the Board or a Committee thereof shall disclose the nature of his interest at such meeting and the disclosure shall be recorded in the minutes of the Board or of the committee, as the case may be, and the director or member shall not take any part in any deliberation or decision of the Board or the committee with respect to that matter except to furnish such clarification as may be required of him.