(1) The Central Government may, by notification, make rules tor carrying nut thf nntvisionc nf til is OrHinnnw1 Power to make rules,
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:—
(a) the time within which, and the manner in which, any intimalion referred to in sub-section (3) of section 4 shall be given;
(b) the form and manner in which, and the conditions under which, the Custodian or Custodians shall maintain accounts as required by sub-section
(4) of section 8;
(c) the manner in which the monies in any provident fund or other fund, referred to in sub-section (2) of section 13 shall be dealt with;
(d) any other matter which is required ta be, or may be, prescribed.
(-?) Every rule made by the Central Government under this Ordinance 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 n w e successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, 12 THE GAZETTE OF INDIA EXTRAORDINARY TPART II— 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; soi however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.
28, If any difficulty arkes in giving effect to the provisions of this Ordinance, the Central Government may, by order, not inconsistent with the provisions of this Ordinance, remove the difficulty:
Power to remove difficulties.
Provided that no such order shall be made after the expiry of a period of two years from the appointed day.
THE SCHEDULE (See section 16) ORDER OF PRIORITIES FOR THE DISCHARGE OF LIABILITIES OF THE COMPANY Category I—
(a) Wages, salaries and other dues payable to the employees of the Company.
(b) Deductions made from the salaries and wages of the employees for provident fund, Employees State Insurance Fund, contribution premium relating to Life Insurance Oi'poration of India or for any other purposes.
Category II— Secured loans.
Category III— Revenue, taxes, cesses, rates or other dues to the Central Government, a State Government, a local authority or a State Electricity Board.
Category IV— Any other loans or dues.
ZAIL SINGH, President.
R. V. S. PERI SASTRI, Secy, to the Govt, of India.
PRINTED UY THE GENERAL MANAGER, GOVERNMENT OF fNDIA PRESS, MINTO ROAD, NEW DELHI AND PUBLISHHD BY THE CONTROLLER OF PUBLICATIONS, DELHI, 1984