Reserve Bank (Transfer of Public Ownership) Act : Rule-making power. Indian Bare Acts :

Reserve Bank (Transfer of Public Ownership) Act,1948

Act No : 62

Section : Rule-making power.

6. Rule-making power.- (1) The Central Government may, by notification in the Official Gazette, make rules*1 for the purpose of giving effect to the objects of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such rules may provide-- (a) for the manner in which and the authority by which compensation shall be paid under section 3; and (b) for the determination of persons to whom compensation is so payable.