Power of Minister to make regulations

(1) The Minister may, after consultation with the Registrar or the Deputy Registrar, make such regulations as he thinks fit concerning protected cell companies. (2) Without limiting the generality of subsection (1) of this section, regulations made hereunder may make provision in respect of any of the following matters, (a) the conduct of the business of protected cell (b) the manner in which protected cell companies may carry on, or hold themselves out as carrying on business; 31 (c) the form and content of the accounts of (d) the winding-up, administration or receivership of protected cell companies; and (e) generally for the implementation of this Act. (3) Regulations of the Minister under this Act, (a) may be amended or repealed by subsequent Regulations made hereunder; (b) may contain such consequential, incidental, supplemental and transitional provisions as may appear to the Minister to be necessary or expedient; (c) may provide that the provisions of this Act shall apply in relation to any class or description of protected cell companies specified by or prescribed under section 8 (1) of this Act, subject to such exceptions, adaptations and modifications as may be specified by the regulations; (d) shall be laid before a meeting of the House of Representatives as soon as possible after the making thereof, and that House may, at that or the next meeting, resolve to annul them, and from the date of such resolution, they shall cease to have effect, but without prejudice to anything done under them or to the making of new regulations. (4) Any power conferred upon the Minister by this Act to make regulations may be exercised, 32 (a) in relation to all cases to which the power extends, or in relation to all those cases subject to specified exceptions, or in relation to any specified cases or classes of cases; and (b) so as to make, as respects the cases in relation to which it is exercised, (i) the full provision to which the power extends, or any lesser provision (whether by way of exception or otherwise); (ii) the same provision for all cases or different provision for different cases or classes of cases or different provision for the same cases or class of cases for different purposes; and (iii) any such provision either unconditionally or subject to any prescribed conditions.