Act Number: 41

Act Name: The Smith, Stanistreet and Company Limited (Acquisition and Transfer of Undertakings) Act, 1977

Year: 1977

Enactment Date: 1977-12-17

Long Title: An Act to provide for, in the public interest, the acquisition and transfer of the right, title and interest of the undertakings of Messrs. Smith, Stanistreet and Company Limited, Calcutta and for matters connected therewith or incidental thereto.

Ministry: Ministry of Chemicals and Fertilizers

Department: Department of Pharmaceuticals

Section 31: Power to make rules.
    (1) The Central Government may, by notification, make rules for carrying out the provisions of this Act.
     (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:--
         (a) the time within which and the manner in which an intimation referred to in sub-section (3) of section 4 shall be given;
         (b) the form and the manner in which, and the conditions under which, the Custodian shall maintain accounts as required by section 11;
         (c) the manner in which monies in any provident or other fund referred to in section 13 shall be dealt with;
         (d) any other matter which is required to be, or may be, prescribed.
     (3) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree 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.
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