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63. Power to make rules.- (1) The Administrator may make rules for carrying out all or any of the purposes of this Act.

(2) In particular and without prejudice to the generality of the foregoing power,such rules may provide for or regulate-

(a) All matters expressly required or allowed by this Act to the prescribed:

(b) The matters in respect of which provision shall be made in the bye-laws of a chit and the procedure to be followed in making, registering, altering and abrogating bye-laws and the conditions to be satisfied prior to such making, registration, alteration or abrogation:

(c) The particulars which every chit agreement shall contain;

(d) The method of valuation of grains by the Registrar in a grain chit, for the purpose of security under section 12;

(e) The restrictions and conditions subject to which and the manner in which, any security given by a foreman under section 12 may be changed or submitted;

(f) The procedure to be followed by the Registrar for the release of security given by the foreman under section 12;

(g) The maintenance of registers and books of accounts by the foreman, the safe custody of books, papers and documents in the Registrar's office and also for the destruction of such books, papers and documents as need no longer be kept;

(h) The procedure to be followed for the winding up of a chit under Chapter IX; and

(i) The auditing of the balance sheets and profit and loss account and the issue of audit certificates.

(3) (a) All rules made under this Act shall be published in the Delhi Gazette and, unless they are expressed to come into force on a particular day, shall come in force on the day on which they are so published.

(b) All notifications issued under this Act, shall unless they are expressed to come into force on a particuler day come into force on the day on which they are published.

(4) Omitted

 

 

 

 

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