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(1) 1[The Authority] may, with the previous approval of the Government, making regulations, consistent with this Act and the rules, for the administration of its affairs. (2) Without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely :- (a) the summoning and holding of meetings of 2[the Authority] and of the committees appointed by it, the time and place where such meetings are to be held, the conduct of business at such meetings and the number of persons necessary to form a quorum thereat; (b) the recruitment and the salaries and allowances and other conditions of service of employees of 3[the Authority]; (c) the powers and duties of the employees of 4[the Authority]; (d) the management of the property of 5[the Authority]; (e) the execution of contracts and assurances of property on behalf of 6[the Authority] and authentication of orders and instruments of 7[the Authority]; (f) the limits upto which the Member-Secretary shall be competent to incur recurring or non-recurring expenditure in any financial year; (g) the maintenance of accounts and the preparation of balance sheet by 8[the Authority]; (h) the procedure for carrying out the duties and functions of 9[the Authority] under this act; (i) any other matter for which provision is to be or may be made by regulations. (3) Until any regulations are made by 10[he Authority] under sub-section (1) any regulations which may be made by it may be made by the State Government, and any regulations so made may be altered or rescinded by 11[the Authority] in exercise of its power under sub-section (1).
<span style="margin-left:15px;"></span>(<i>1</i>) <sup>1</sup>[The Authority] may, with the previous approval of the Government, making regulations, consistent with this Act and the rules, for the administration of its affairs. <span style="margin-left:15px;"></span>(<i>2</i>) Without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely :- <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>a</i>) the summoning and holding of meetings of <sup>2</sup>[the Authority] and of the committees appointed by it, the time and place where such meetings are to be held, the conduct of business at such meetings and the number of persons necessary to form a quorum thereat;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><i>(b)</i> the recruitment and the salaries and allowances and other conditions of service of employees of <sup>3</sup>[the Authority]; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>c</i>) the powers and duties of the employees of <sup>4</sup>[the Authority];<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>d</i>) the management of the property of <sup>5</sup>[the Authority]; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>e</i>) the execution of contracts and assurances of property on behalf of <sup>6</sup>[the Authority] and authentication of orders and instruments of <sup>7</sup>[the Authority]; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>f</i>) the limits upto which the Member-Secretary shall be competent to incur recurring or non-recurring expenditure in any financial year;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>g</i>) the maintenance of accounts and the preparation of balance sheet by <sup>8</sup>[the Authority]; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>h</i>) the procedure for carrying out the duties and functions of <sup>9</sup>[the Authority] under this act; <br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><i>(i)</i> any other matter for which provision is to be or may be made by regulations. <br> <span style="margin-left:15px;"></span>(<i>3</i>) Until any regulations are made by <sup>10</sup>[he Authority] under sub-section (<i>1</i>) any regulations which may be made by it may be made by the State Government, and any regulations so made may be altered or rescinded by <sup>11</sup>[the Authority] in exercise of its power under sub-section (<i>1</i>).<br>