The Sick Industrial Companies (Special Provisions) Repeal Act, 2003
6. Power to make
rules.
1.
The
Central Government may, by notification, make rules for carrying out the
provisions of this Act.
2.
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:-
a. the manner in which
the monies standing to the credit of provident fund, superannuation, welfare or
other fund of officers and employees on their transfer to the Central
Government, shall be dealt with by that Government under the fourth proviso to
clause (a) of section 4;
b. any other matter
which is to be, or may be, prescribed, or in respect of which provision is to
be made, by rules.
1.
2.
3.
Every
rule made under this Act shall be laid, as soon as may be after it is made,
before each House of Parliament, while it is in session, for a total period of
thirty days which may be comprised in one session or in two or more successive
sessions, and if, before the expiry of the session immediately following the
session or the successive sessions aforesaid, both Houses agree in making any
modification in the rule or both Houses agree that the rule should not be made,
the rule shall thereafter have effect only in such modified form or be of no
effect, as the case may be; so, however, that any such modification or
annulment shall be without prejudice to the validity of anything previously
done under that rule.