Section 4 of The International Finance Corporation (Status, Immunities and Privileges) Act, 1958
- (1)The Central Government may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act. 1[(2) 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.]
Summary
- The Central Government has the authority to make rules to carry out the purposes of this Act.
- These rules must be published by notification in the Official Gazette.
- Every rule made under this Act must be presented to each House of Parliament as soon as possible after it is made.
- The rule must be laid before Parliament for a total period of thirty days while it is in session.
- This thirty-day period can be completed within a single session or across two or more successive sessions.
- If both Houses of Parliament agree to modify the rule or decide it should not be made before the end of the next session, the rule will only work in the modified form or have no effect, but this change will not affect anything that was already done under that rule before.
Practical examples
FAQ
1. Who has the power to make rules under this Act?
The Central Government has the power to make rules.
2. How must the rules made under this Act be published?
They must be published by notification in the Official Gazette.
3. How long must a rule be laid before each House of Parliament?
It must be laid for a total period of thirty days.
4. Can the thirty-day period be split across multiple sessions of Parliament?
Yes, it may be comprised in one session or in two or more successive sessions.
5. What happens if both Houses of Parliament agree to modify or reject a rule?
The rule will thereafter have effect only in the modified form or be of no effect, without affecting the validity of anything previously done under that rule.
Test yourself
Q1.Who is authorized to make rules under Section 4 of this Act?
Q2.By what method must the Central Government publish the rules it makes under this Act?
Q3.What is the total required period for a rule to be laid before each House of Parliament?
Q4.How can the thirty-day parliamentary review period be comprised?
Q5.What is the legal status of actions taken under a rule before Parliament modifies or cancels it?