Power to make Regulations

The Corporation may make regulations not inconsistent with this Act to provide for all or any of the following matters, namely:- (a) the duties of the members, officers and employees of the Corporation and their salaries, allowances and other terms and conditions of service; (b) the procedure to be followed at the meetings of the Corporation and the manner in which the Corporation shall conduct its meetings; (c) the administration of the funds and other properties of the Corporation and the maintenance of its accounts; (d) the procedure to be followed by the Corporation in inviting, considering and accepting tenders; and (e) any other matter arising out of the functions of the Corporation under this Act in which it is required, necessary or expedient to make regulations.