Power to make rules.
The State Government may, by notification in the Official Gazette, make rules to give effect to the provisions of this Act.
In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely 1 a the conditions and manner of appointment of Directors of a Corporation, the representation in the Board of the Central and State Governments, and where shares are issued to other parties under sub-section 3 of section 23 of such shareholders and generally all matters relating to the constitution of the Board 2 b remuneration, allowances or fees paid to the Directors of the Corporation or other persons associated with the Board under section 10 c the term of office of, the manner of filling casual vacancies among, 3Directors of the Corporation d the number of 3Directors necessary to constitute a quorum at a meeting of the 4Board e the conditions of appointment and service and the scales of pay of the 5Managing Director, the Chief Accounts Officer, the Financial Adviser or, as the case may be, the Chief Accounts Officer-cum-Financial Adviser of the Corporation f the number and term of office of, the allowances to be paid to, the procedure to be followed by, and the manner of filling casual vacancies among, members of an Advisory Council 6 ff the procedure in accordance with which any stores may be declared obsolete under sub-section 2 of section 19 g the manner in which the shares of the Corporation shall be allotted, transferred or redeemed h the manner in which the net profits of the Corporation shall be utilised i the date by which, and the form in which, the budget shall be prepared and submitted in each year under sub-section 1 of section 32 7 j the form in which the annual statement of accounts shall be prepared 8 1 the form in which the returns, statistics or reports shall be submitted under section 35 m the procedure to be followed by an arbitral tribunal under section 40 n any other matter which has to be, or may be, prescribed.
c the term of office of, the manner of filling casual vacancies among, 3Directors of the Corporation
d the number of 3Directors necessary to constitute a quorum at a meeting of the 4Board
e the conditions of appointment and service and the scales of pay of the 5Managing Director, the Chief Accounts Officer, the Financial Adviser or, as the case may be, the Chief Accounts Officer-cum-Financial Adviser of the Corporation
f the number and term of office of, the allowances to be paid to, the procedure to be followed by, and the manner of filling casual vacancies among, members of an Advisory Council 6 ff the procedure in accordance with which any stores may be declared obsolete under sub-section 2 of section 19
g the manner in which the shares of the Corporation shall be allotted, transferred or redeemed
h the manner in which the net profits of the Corporation shall be utilised
the date by which, and the form in which, the budget shall be prepared and submitted in each year under sub-section 1 of section 32 7 j the form in which the annual statement of accounts shall be prepared 8 1 the form in which the returns, statistics or reports shall be submitted under section 35
1 the form in which the returns, statistics or reports shall be submitted under section 35
m the procedure to be followed by an arbitral tribunal under section 40
n any other matter which has to be, or may be, prescribed.