Richardson and Cruddas Limited (Acquisition and Transfer of Under-takings) Act ,1972

Act No : 78

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Section : POWER TO MAKE RULES

SECTION 31: POWER TO MAKE RULES

(1) The Central Government may, by notification, make rules to carry out the provisions of this Act.

(2) In particular, and without prejudice to the generality of the power, such rules may provide for all or any of the following matters, namely :-

(a) the form and manner in which every claim shall be preferred before the Tribunal:

(b) the form in which fresh shares shall be issued by the Custodian-,

(c) any other matter which is required to be, or may be, prescribed.

(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.

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