Section 40(2) in The M.P. Rajya Matsya Vikas Nigam Adhiniyam, 1979
(2)In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for the following matters, namely :-(a)the fees and allowances that may be paid to the Directors;(b)the times and places of the meetings of the Board or of any committee constituted under this Act and the procedure to be followed at such meetings including the quorum necessary for transaction of business;(c)the number of Directors constituting the Executive Committee and the functions which such committee shall discharge;(d)the functions which any other committee may discharge under this Act;(e)the fees and allowances that may be paid to the member of a committee other than Directors;(f)the manner in which appeal shall lie to the Chairman of the Board against the order of the Managing Director;(g)delegation of powers and functions of the Board to the committees or to the Chairman, the Managing Director and other officers of the Nigam;(h)the manner and terms of issue and redemption of bonds and debentures and other securities by the Nigam;(i)the manner and conditions subject to which the Nigam may borrow moneys;(j)the form and manner in which the balance-sheet and accounts of the Nigam shall be prepared and maintained;(k)the form of returns, statements and estimates required to be prepared under this Act;(l)duties and conduct, salaries, allowances and conditions of service of the employees of the Nigam;(m)establishment and management of provident fund or other benefit funds for employees of the Nigam; and(n)generally for the efficient conduct of the affairs of the Nigam.
