Power to make regulations

Power to make regulations.

1. (1) The Board may, with the previous sanction of the State Government, make regulations, not inconsistent with this Act and the rules made thereunder, for enabling it to discharge its functions under this Act.
2. (2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for—
   • (a) the terms and conditions of appointment and scale of pay and other conditions of service of officers and employees of the Board;
   • (b) the time and place of meetings of the Board, 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;
   • (c) the functions and duties of the Secretary and other officers and employees of the Board;
   • (d) the delegation of powers and duties to the Secretary or any other officer or employee of the Board;
   • (e) the manner in which and the conditions under which the Board may lend money;
   • (f) the maintenance of minutes of meetings of the Board and the transmission of copies thereof to the State Government;
   • (g) the persons by whom, and the manner in which, payments, deposits and investments may be made on behalf of the Board;
   • (h) the custody of money required for the current expenditure of the Board and investment of moneys not so required;
     • (i) all other matters which are necessary for the purposes of the Board consistent with the provisions of this Act and the rules made thereunder.