State Financial Corporations Act : Power of State Government to make rules. Indian Bare Acts :

State Financial Corporations Act,1951

Act No : 63

Section : Power of State Government to make rules.

47. Power of State Government to make rules. The State Government may 1*[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.