Sri Lanka Consolidated Acts

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Housing Development Finance Corporation of Sri Lanka Act (No. 7 of 1997) - Sect 38

Regulations,

38.
(1) The Minister may make regulations in respect of any matter required by this Act to be prescribed or in respect of which regulations are required by this Act to be made.
(2) Every regulation made by the Minister shall be published in the Gazette and shall come into operation on such date as may be specified in the regulation or if no such date is so specified, on the date of such publication.
(3) Every regulation made by the Minister shall as soon as convenient after its publication in the Gazette be brought before Parliament by a motion that such regulation be approved.
(4) Any regulation which Parliament refuses to approve shall be deemed to be rescinded but without prejudice to the validity of anything previously clone thereunder. The date on which the regulation shall be deemed to be rescinded shall be the date on which Parliament refuses to approve such regulation.
(5) Notification of the date on which any regulation made by the Minister is so deemed to be rescinded shall be published in the Gazette.


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