(1) The Board may, after consultation with the Reserve Bank and with the previous sanction of the Central Government, make regulations not inconsistent with this Act to provide for all matters for which provision is necessary or expedient for the purpose of giving to the provisions of this Act

(2) In particular and without prejudice to the generality of the foregoing power, such regulation may provide for-

(a) the holding and conduct of elections under this Act, including the final decision of doubts or disputes regarding the validity of elections;

(b) the manner in which and the conditions subject to which the first allotment of shares of the Corporation shall be made;

(c) the manner in which and the conditions subject to which the shares of the

Corporation may be held and transferred, and generally all matters relating to the rights and duties of shareholders'

(d) the manner in which general meetings shall be convened, the procedure to be followed thereat and the manner in which voting rights may be exercised;

(e) the calling of meetings of the Board and of the Executive Committee, fees for attending meetings thereof and the conduct of business thereat;

(f) the manner and terms of issue and redemption of bonds and debentures by the Corporation ;

(g) the conditions which the Corporation may impose in granting loans or advances;

(h) the manner of determining the sufficiency of the security taken under subsection (2) of section 23-,

(i) the manner and conditions subject to which the Corporation may borrow in foreign currency from foreign lenders ;

(j) the forms of returns and statements required under this Act ;

(k) the duties and conduct of officers and servants and agents of the Corporation;

(l) the disclosure of interest, direct or indirect, of a Director in any industrial concern;

(m) taking over the management of and managing an industrial concern committing a breach of its agreement with the Corporation ;

(n) appointment of ad hoc committees for technical and other advice for purposes of this Act ; and

(o) generally; the efficient conduct of the affairs of the Corporation.

(3) All regulations made under this section shall be published in the official Gazette and shall come into force on such publication and shall also be laid on the table of the Legislature.