(1) The State Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act.
(2) In particular and without prejudice to the generality of the foregoing powers, such rules may provide for all or any of the following matters, namely,-
(a) the matters relating to competitive public bidding, inviting comparative bids and direct negotiation under this Act;
(b) the manner in which . the developer for any Bankable Project shall be selected under this Act;
(c) the scheme for concession agreement;
(d) the other factors having regard to which charges may be revised and the manner in which they may be revised;
(e) the manner in which an opportunity of being heard shall be given to the developer;
(f) the form and manner in which the accounts of the Board shall be prepared and maintained;
(g) the form in which an annual statement of accounts of the Board shall be prepared;
(h) the form in which and the time at which an annual report of the Board shall be prepared;
(i) any other matter which is to be or may be prescribed.
(3) Every rule made under this Act shall be laid, as soon as after it is made, before the State Legislature.