(1) The Government may make rules, either prospectively or retrospectively for the purpose of carrying into effect the provisions of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for—
(a) all matters expressly required or allowed by this Act to be prescribed;
(b) the accounts to be maintained by the Corporation;
(c) the mutual relationship of the Corporation and other local authorities in any matter in which they are jointly interested;
(d) guidelines for the Corporation and public officers in carrying out the purposes of this Act; and
(e) the conditions on which and the mode in which contracts may be made by or on behalf of the Corporation.
(3) Every rule made under this Act shall be laid, as soon as may be after it is made, before the Legislative Assembly while it is in session for a total period of fourteen days which may be comprised in one session or two successive sessions, and if, before the expiry of the session in which it is so laid or the session immediately following, the Legislative Assembly makes any modification in the rule or decides 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.