law: Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
  38. Power of Central
  
  Government to make rules.- 
  1.     
  
    The
  
  Central Government may, by notification and in the Electronic Gazette as
  
  defined in clause (s) of section 2 of the Information Technology Act, 2000 (21
  
  of 2000), 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 form and manner
  
  in which an application may be filed under sub-section (10) of section 13;
  b.     the manner in which
  
  the rights of a secured creditor may be exercised by one or more of his
  
  officers under sub-section (12) of section 13;
  c.      the safeguards
  
  subject to which the records may be kept under sub-section (2) of section 22;
  d.     the manner in which
  
  the particulars of every transaction of securitisation shall be filed under
  
  section 23 and fee for filing such transaction;
  e.      the fee for
  
  inspecting the particulars of transactions kept under section 22 and entered in
  
  the Central Register under sub-section (1) of section 26;
  f.      the fees for
  
  inspecting the Central Register maintained in electronic form under sub-section
  
  (2) of section 26;
  g.     any other matter
  
  which is required to be, or may be, prescribed, in respect of which provision
  
  is to be, or may be, made by rules.
  1.     
  
  
  2.     
  
  
  3.     
  
    Every
  
  rule made 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.