(1) The State Government may, by notification, make rules for carrying out the purposes of this Act.
(2) Every rule made under this Act shall, immediately after it is made, be laid before the Legislature of the State if it is in session and if it is not in session, in the session immediately following for a total period of fourteen days which may be comprised in one session or in two successive sessions and if, before the expiration of the session in which it is so laid or the session immediately following, the Legislature agrees in making any modification in the rule or in the annulment of the rule, the rule shall, from the date on which the modification or annulment is notified, have effect only in such modified form or shall stand annulled 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 the rule.
24. The Government shall prepare an annual report on the administration of this Act and the same shall be placed before the State Legislature.
25. The Andhra Pradesh Micro Finance Institutions (Regulation of Money Lending) Ordinance, 2010 is hereby repealed.
* * * Power to give directions.
Power to make rules.
Annual Report on the administration of the Act.
Repeal of Ordinance 9 of
2010.
E:\Uploading PDF Documents\uploading word documents\2011 -2\1 of 2011 The Telangana Micro Finance Institutions (Regualtion of Money Lending) Act, 2011\Index.docx E:\Uploading PDF Documents\uploading word documents\2011 -2\1 of 2011 The Telangana Micro Finance Institutions (Regualtion of Money Lending) Act, 2011\1 of 2011.docx