(1) The State Government may. by notification in the Official Gazette make rules whether retrospectively or prospectively for carrying out the purposes of this Act.
(2) In particular and without prejudice to the generality of the foregoing power such rules may be made for all or any of the following purposes, namely:-
(a) the allowances of members and remuneration and conditions of service of the Chairman;
(b) the rates of subscriptions and contributions and other conditions of the provident fund established under section 16:
(c) the manner and form in which contracts shall be entered into under section 25;
(d) the form of the annual budget to be laid before the Board under section 29 and the other particulars to be contained therein:
(e) the manner of publication of housing schemes included in the budget under section 33:
(f) the conditions subject to which the Board may borrow any sum under section 44:
(g) the manner of preparation, maintenance and publication of accounts under section 45;
(h) the date before which, the form in which, the interval at which and tire matters on which reports shall be submitted under section 47;
(i) the time at which and the form and manner in which statistics, returns, particulars, statements/documents and papers shall be submitted under section 48:
(j) the manner in which the Board shall be superseded and reconstituted under section 61: and
(k) any other matter which is or may be prescribed under this Act.
(3) All rules made under this Act shall be laid as soon as may be after they are so made, before the House of the State Legislature, while it is in session; for a period of not less than 14 days which may be comprised in one session or in two successive sessions and, if before the expiry of the session in which they are so laid or of the session immediately following, the House of the State Legislature makes any modification in any of such rules or resolves that any such rule should not be made, such rule shall thereafter have effect only in such modified form or be of no effect, as the case may, so however that any such modification or annulment shall be without prejudices to the validity of anything previously done thereunder.