law: Export-Import Bank of India Act, 1981
  39. Power to make
  
  regulations.-
  1.  
  
    The
  
  Board may, with the previous approval of the Central Government, by
  
  notification in the Official Gazette, make regulations not inconsistent with
  
  this Act to provide for all matters for which provisions is necessary or
  
  expedient for the purpose of giving effect to the provisions of this Act.
  2.  
  
    In
  
  particular and without prejudice to the generality of the foregoing power, such
  
  regulations may provide for-
  a.  
  
    the
  
  times and places of the meetings of the Board or of any committee constituted
  
  under this Act and the procedure to be followed at such meetings including the
  
  quorum necessary for the transaction of business;
  b.  
  
    the
  
  fees and allowances that may be paid to the directors and the members of a
  
  committee;
  c.  
  
    the
  
  form and manner in which the balance-sheets and the account of the Export
  
  Development Fund and the Exim Bank shall be prepared;
  d.  
  
    the
  
  duties and conduct, and the terms and conditions of service of the officers and
  
  other employees of the Exim Bank;
  e.  
  
    the
  
  establishment and maintenance of provident fund or any other fund for the
  
  benefit of the officers and other employees of the Exim Bank; and
  f.  
  
    any
  
  other matter which is to be, or may be, prescribed.
  1.  
  
  
  2.  
  
  
  3.  
  
    Every
  
  regulation made by the Board 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 regulation or both Houses agree
  
  that the regulation should not be made, the regulation 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 regulation.