law: Life Insurance Corporation Act, 1956 
  48. Power to make
  
  rules.- 
  
  1.     
  
    The
  
  Central Government may, by notification in the Official Gazette make rules to
  
  carry out the purposes 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 term of office
  
  and the conditions of service of members;
  b.     the manner in which
  
  the moneys and other assets belonging to any such fund as is referred to in
  
  section 8 shall be apportioned between the trustees of the fund and the
  
  Corporation;
  c.      the services which
  
  the chief agent should have rendered for the purpose of the proviso to section
  
  12;
  d.     the jurisdiction of
  
  the Tribunals constituted under section 17;
  e.      the manner in which,
  
  and the persons to whom, any compensation under this Act may be paid;
  f.      the time within which
  
  any matter which may be referred to a Tribunal for decision under this Act may
  
  be so referred;
  g.     the manner in which
  
  and the conditions subject to which investments may be made by the Corporation;
  h.      the manner in which
  
  an Employees and Agents Relations Committee may be constituted for each zonal
  
  office;
  i.       the form in which the
  
  report giving an account of the activities of the Corporation shall be
  
  prepared;
  j.       the conditions
  
  subject to which the Corporation may appoint employees;
  k.      the fees payable
  
  under this Act and the manner in which they are to be collected;
  l.       any other matter
  
  which has to be or may be prescribed;
  1.     
  
  
  2.     
  
  
  3.     
  
    All
  
  rules made under this section shall be laid for not less than thirty days
  
  before both Houses of Parliament as soon as possible after they are made, and
  
  shall be subject to such modifications as Parliament may make during the
  
  session in which they are so laid or the session immediately following.