State Financial Corporations Act, 1951
47. Power of State Government to make rules
The State Government may 25[by notification in the Official
Gazette,] make rules not inconsistent with the provisions of this Act to give
effect to the provisions of this Act and in particular, such rules may provide
for the limitation on the voting rights of a shareholder and the manner in
which such voting rights may be exercised and where there is any inconsistency
between the rules and the regulations made under this Act, the rules shall
prevail.