Power to make regulations
36. (1) The Board may make regulations, not inconsistent with the provisions of this Ordinance and the rules, to provide for all matters for which provision is necessary or expedient for carrying out the purposes of this Ordinance.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide forÔÇö
(a) the calling of the meetings of the Board, the Executive Committee or any committee, fees for attending the meetings thereof and the conduct of business thereat;
(b) the delegation of powers and functions of the Board to the Chairman, Managing Director or any other Director or any officer or other employees of the Corporation;
(c) the conditions subject to which the Corporation may undertake various types of its business;
(d) the manner of determining the sufficiency of the security for the purpose of business;
(e) the manner and conditions subject to which the Corporation may borrow;
(f) the form of returns and statements required to be prepared under this Ordinance;
(g) the duties and conduct of officers and other employees of the Corporation;
(h) the recruitment, remuneration, promotion and other terms and conditions of service of the officers and other employees of the Corporation;
(i) the establishment and maintenance of pension, provident fund or other fund for the benefit of officers and other employees of the Corporation, including the dependents of such officers and other employees;
(j) the provision of a seal of the Corporation and the manner and effect of its use;
(k) the disclosure of interest, direct or indirect, of any Director or any member of a Committee in any business concern;
(l) taking over the management and control of any industrial or business concern committing a breach of its agreement with the Corporation;
(m) the holding and conduct of elections under this Ordinance including the final decision of doubts or disputes regarding the validity of any election;
(n) the manner in which and the conditions subject to which the first allotment of the shares of the Corporation shall be made;
(o) the maintenance of the register of shareholders, the manner in which and the conditions subject to which shares may be held and transferred, suspension and the manner of suspension of transfer of shares and all matters relating to the rights and duties of shareholders;
(p) the manner in which the general meetings shall be convened and the procedure to be followed thereat; and
(q) generally for the efficient conduct of the affairs of the [Corporation or, as the case may be, subsidiary].
(3) Where any provision of a regulation is inconsistent with any provision of the rule, the provision of the rule shall prevail.