law: Preference Shares (Regulation of Dividends) Act, 1960
  7. Power to make rules
  (1) The Central Government may, by notification in the Official
  
  Gazette, make rules for carrying out the purposes of this Act.
  (2) Every rule made under this section 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 successive sessions, and if, before the expiry of the session in which it
  
  is so laid or the session immediately following, 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.