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The Industrial Development Corporation Ordinance, 1962

( Ordinance NO. XXXVII Of 1962 )

Power to make rules
23. (1) The Government may, by notification in the official Gazette, make rules for carrying out the purposes of this Ordinance.
 
 
 
 
(2) In particular and without prejudice to the generality of the foregoing powers, such rules may provide for-
 
 
 
 
(a) the relinquishment of managing agency in favour of any person;
 
 
 
 
(b) the manner of keeping accounts of the Corporation and the companies managed by it;
 
 
 
 
(c) the recruitment of officers, advisers and employees of the Corporations;
 
 
 
 
(d) the terms and conditions of service of the officers, advisers and employees of the Corporation, including the functions of the advisers;
 
 
 
 
(e) the borrowings by the Corporation;
 
 
 
 
(f) the purchase and sale of goods by the Corporation;
 
 
 
 
(g) the date by which and the form in which, the annual budget statement shall be submitted in each year;
 
 
(h) the procedure for appropriation and re-appropriation of moneys at the credit of the Corporation;
 
 
 
 
(i) the form and manner in which and the authorities to whom returns, reports or statements shall be submitted; and
 
 
 
 
(j) such other matters relating to the administration of the affairs of the Corporation as the Government may think fit to regulate by rules.

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Ministry of Law, Justice and Parliamentary Affairs