The Khadi and Village Industries Commission Act, 1956
Administered Ministry: Ministry of Micro, Small and Medium Enterprises
Section
Section 17A Commission to receive gifts, grants, etc.
1[17A. Commission to receive gifts, grants, etc.--The Commission may, for the purpose of development of Khadi, 2[the development of village industries or the development of Khadi and village industries], receive gifts, grants, donations or benefactions from the Government or any other person.]
1. Ins. by Act 32 of 1961, s. 9 (w.e.f. 28-8-1961).
2. Subs. by Act 12 of 1987, s. 10, for "or the development of village industries" (w.e.f. 24-7-1987)
2. Subs. by Act 12 of 1987, s. 10, for "or the development of village industries" (w.e.f. 24-7-1987)
Section 18 Funds of the Commission.
1[(1) The Commission shall have stet separate funds to be called the the khadi fund, the village industries fund and the general and miscellaneous fund.
(1A) There shall be credited,--
(a) to the khadi fund, all sums received by the Commission for the purposes relating to khadi.
(b) to the village industries fund, all sums received by the Commission for the purposes relating to village industries and products of handicrafts;
(c) to the general and miscellaneous fund, all other sums received by the Commission:
Provided that if the amount available in any of the said funds is in excess 6f the requirements of that fund and the amount available in any other of the said funds is insufficient to meet the requirements of that fund, the Commission may, with the previous approval of the Central Government, transfer from the first mentioned fund the excess amount or such part thereof as may be necessary to the other fund.
Explanation.--For the purpose of computing the amount in any of the said funds, the amount received under section 17A shall not be taken into account.
(1B) The sums credited under sub-section (1),--
(a) to the khadi fund, shall be applied for the purposes relating to khadi;
(b) to the village industries fund, shall be stet for the purposes relating to village industries and products of handicrafts;
(c) to the general and miscellaneous fund, shall be stet for the purposes relating to khadi and village industries and for meeting the salary, allowances and other remuneration of the members, officers and other employees of the Commission and other administrative expenses of the Commission.]
(2) Except as otherwise directed by the Central Government, all moneys belonging to such funds shall be deposited in the Reserve Bank of India or with the agents of the Reserve Bank of India, or, where there is neither an office of the Reserve Bank of India nor an agent of the Reserve Bank of India, in a Government Treasury, or be invested in such securities as may be approved by the Central Government.
(1A) There shall be credited,--
(a) to the khadi fund, all sums received by the Commission for the purposes relating to khadi.
(b) to the village industries fund, all sums received by the Commission for the purposes relating to village industries and products of handicrafts;
(c) to the general and miscellaneous fund, all other sums received by the Commission:
Provided that if the amount available in any of the said funds is in excess 6f the requirements of that fund and the amount available in any other of the said funds is insufficient to meet the requirements of that fund, the Commission may, with the previous approval of the Central Government, transfer from the first mentioned fund the excess amount or such part thereof as may be necessary to the other fund.
Explanation.--For the purpose of computing the amount in any of the said funds, the amount received under section 17A shall not be taken into account.
(1B) The sums credited under sub-section (1),--
(a) to the khadi fund, shall be applied for the purposes relating to khadi;
(b) to the village industries fund, shall be stet for the purposes relating to village industries and products of handicrafts;
(c) to the general and miscellaneous fund, shall be stet for the purposes relating to khadi and village industries and for meeting the salary, allowances and other remuneration of the members, officers and other employees of the Commission and other administrative expenses of the Commission.]
(2) Except as otherwise directed by the Central Government, all moneys belonging to such funds shall be deposited in the Reserve Bank of India or with the agents of the Reserve Bank of India, or, where there is neither an office of the Reserve Bank of India nor an agent of the Reserve Bank of India, in a Government Treasury, or be invested in such securities as may be approved by the Central Government.
1. Subs. by s. 11, ibid., for sub-sections (1), (1A) and (1B) (w.e.f. 1-4-1988).
Section 19 Power of the Commission to spend.
Subject to the provisions of section 20 the Commission shall have power to spend such sums as it thinks fit on purposes authorised by this Act:
Provided that nothing in this section shall be deemed to prevent the Commission from spending, with the previous approval of the Central Government, such moneys, as it thinks fit on any such purpose outside the territories to which this Act extends.
Provided that nothing in this section shall be deemed to prevent the Commission from spending, with the previous approval of the Central Government, such moneys, as it thinks fit on any such purpose outside the territories to which this Act extends.
Section 19A Standing Finance Committees.
1[19A. Standing Finance Committees.--(1) There shall be constituted from among the members of the Commission in the prescribed manner, a Standing Finance Committee in respect of each of the 2[three funds] referred to in section 18.
3[Provided that the Chief Executive Officer and Financial Adviser shall be ex officio members of the Standing Finance Committee in respect of each of the three separate funds referred to in sub-section (1) of section 18,].
(2) The Standing Finance Committee shall exercise such of the powers of the Commission under section 19 as are delegated to it by the Commission.]
3[Provided that the Chief Executive Officer and Financial Adviser shall be ex officio members of the Standing Finance Committee in respect of each of the three separate funds referred to in sub-section (1) of section 18,].
(2) The Standing Finance Committee shall exercise such of the powers of the Commission under section 19 as are delegated to it by the Commission.]
1. Ins. by Act 32 of 1961, s. 11 (w.e.f. 28-8-1961).
2. Subs. by Act 12 of 1987, s. 12, for "two funds" (w.e.f. 1-4-1988).
3. The proviso ins. by Act 10 of 2006, s. 11 (w.e.f. 15-5-2006).
2. Subs. by Act 12 of 1987, s. 12, for "two funds" (w.e.f. 1-4-1988).
3. The proviso ins. by Act 10 of 2006, s. 11 (w.e.f. 15-5-2006).
Section 19B Recovery of monies due to the Commission as arrears of land-revenue. 1 docs
1[19B. Recovery of monies due to the Commission as arrears of land-revenue.--(1) Any sum payable to the Commission under any agreement, express or implied, or otherwise howsoever, may be recovered in the same manner as an arrear of land revenue.
(2) If any question arises whether a sum is payable to the Commission within the meaning of sub-section (1), it shall be referred to a Tribunal constituted by the Central Government for the purpose which shall, after making such inquiry as it may deem fit and after giving to the person by whom the sum is alleged to be payable an opportunity of being heard, decide the question; and the decision of the Tribunal shall be final and shall not be called in question by any court or other authority.
(3) The Tribunal shall consist of one person who is not connected with the Commission or with the person by whom the sum is alleged to be payable.
(4) The expenses of the Tribunal shall be borne by the Commission.]
(2) If any question arises whether a sum is payable to the Commission within the meaning of sub-section (1), it shall be referred to a Tribunal constituted by the Central Government for the purpose which shall, after making such inquiry as it may deem fit and after giving to the person by whom the sum is alleged to be payable an opportunity of being heard, decide the question; and the decision of the Tribunal shall be final and shall not be called in question by any court or other authority.
(3) The Tribunal shall consist of one person who is not connected with the Commission or with the person by whom the sum is alleged to be payable.
(4) The expenses of the Tribunal shall be borne by the Commission.]
1. Ins. by Act 32 of 1961, s. 11 (w.e.f. 28-8-1961).
Section 20 Budget.
(1) The Commission shall, by such date in each year as may be prescribed, prepare and submit to the Central Government for approval 1[three separate budgets] in the prescribed form for the next financial year, to be called the khadi budget 2[, the village industries budget and the general and miscellaneous budget], showing the estimated receipts and expenditure in respect to khadi 3[, village industries and products of handicrafts and khadi and village industries respectively] during that financial year.
(2) Subject to the provisions of sub-sections (3) and (4), no sum shall be expended by or on behalf of the Commission unless the expenditure is covered by a specific provision in the budget approved by the Central Government.
4[(3) The Commission may within the respective limits of the khadi budget, the village industries budget and the general and miscellaneous budget, sanction any reappropriation from one head of expenditure to another or from a provision made for one scheme to that in respect of another, but subject to the proviso to sub-section (1) of section 18, in no case shall a reappropriation of fund be made from one budget to any of the other two budgets:
Provided that no reappropriation from the head "Loan" to any other head of expenditure and vice versa in any of the budgets shall be sanctioned by the Commission, except with the previous approval of the Central Government.].
(4) The Commission may, within such limits and subject to such conditions as may be prescribed, incur expenditure in excess of the limit provided in the budget approved by the Central Government under any head of expenditure or in connection with any particular scheme, so long as the aggregate amount in 5[the budget] approved by the Central Government is not exceeded.
(2) Subject to the provisions of sub-sections (3) and (4), no sum shall be expended by or on behalf of the Commission unless the expenditure is covered by a specific provision in the budget approved by the Central Government.
4[(3) The Commission may within the respective limits of the khadi budget, the village industries budget and the general and miscellaneous budget, sanction any reappropriation from one head of expenditure to another or from a provision made for one scheme to that in respect of another, but subject to the proviso to sub-section (1) of section 18, in no case shall a reappropriation of fund be made from one budget to any of the other two budgets:
Provided that no reappropriation from the head "Loan" to any other head of expenditure and vice versa in any of the budgets shall be sanctioned by the Commission, except with the previous approval of the Central Government.].
(4) The Commission may, within such limits and subject to such conditions as may be prescribed, incur expenditure in excess of the limit provided in the budget approved by the Central Government under any head of expenditure or in connection with any particular scheme, so long as the aggregate amount in 5[the budget] approved by the Central Government is not exceeded.
1. Subs. by Act 12 of 1987, s. 13, for "two separate budgets (w.e.f. 1-4-1988).
2. Subs. by s. 13, ibid., for "and the village industries budget" (w.e.f. 1-4-1988).
3. Subs. by s. 13, ibid., for and "village industries respectively" (w.e.f. 1-4-1988).
4. Subs. by s. 13, ibid., for sub-section (3) (w.e.f. 1-4-1988).
5. Subs. by s. 13, ibid., for "either budget" (w.e.f. 1-4-1988).
2. Subs. by s. 13, ibid., for "and the village industries budget" (w.e.f. 1-4-1988).
3. Subs. by s. 13, ibid., for and "village industries respectively" (w.e.f. 1-4-1988).
4. Subs. by s. 13, ibid., for sub-section (3) (w.e.f. 1-4-1988).
5. Subs. by s. 13, ibid., for "either budget" (w.e.f. 1-4-1988).
Section 21 Borrowing of money.
Subject to such rules as may be made in this behalf, the Commission shall have power to borrow on the security of the khadi fund or the village industries fund or any other asset for any purposes for which such funds may be applied.
Section 22 Transfer of liabilities and obligations to the Commission.
All liabilities incurred, by all contracts entered into with, and all matters and things engaged to be done by, or for, the Central Government in connection with the development of khadi or village industries at any time after the 14th day of January, 1953, and before the commencement of this Act, shall, after such commencement, be deemed to have been incurred by, entered into with, or engaged to be done by, or for, the Commission.
Section 23 Accounts and audit.
(1) The Commission shall maintain proper accounts and other relevant records and prepare an annual statement of accounts including the profit and loss account and the balance sheet in such form as may be prescribed by the Central Government in consultation with the Comptroller and Auditor-General of India.
(2) The accounts of the Commission shall be audited by the Comptroller and Auditor-General of India at such intervals as may be prescribed by him.
(3) The Comptroller and Auditor-General of India and any person appointed by him in connection with the audit of the accounts of the Commission shall have the same rights and privileges and authority in connection with such audit as the Comptroller and Auditor-General has in connection with the audit of Government accounts and, in particular, shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect any of the offices of the Commission.
(4) The accounts of the Commission as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to the Central Government and that Government shall cause the same to be laid before each House of Parliament.
(2) The accounts of the Commission shall be audited by the Comptroller and Auditor-General of India at such intervals as may be prescribed by him.
(3) The Comptroller and Auditor-General of India and any person appointed by him in connection with the audit of the accounts of the Commission shall have the same rights and privileges and authority in connection with such audit as the Comptroller and Auditor-General has in connection with the audit of Government accounts and, in particular, shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers and to inspect any of the offices of the Commission.
(4) The accounts of the Commission as certified by the Comptroller and Auditor-General of India or any other person appointed by him in this behalf together with the audit report thereon shall be forwarded annually to the Central Government and that Government shall cause the same to be laid before each House of Parliament.
Section 24 Returns and reports.
(1) The Commission shall furnish to the Central Government, at such time and in such form and manner as may be prescribed or as the Central Government may direct, such returns and statements and such particulars in regard to any proposed or existing programme for the promotion and development of khadi and village industries, as the Central Government may, from time to time, require.
(2) Without prejudice to the provisions of sub-section (1), the Commission shall, as soon as possible after the end of each financial year submit to the Central Government a report, in such form and before such date as may be prescribed, giving a true and full account of its activities, policy and programme during the previous financial year.
(3) A copy of the report received under sub-section (2) shall be laid before each House of Parliament
(2) Without prejudice to the provisions of sub-section (1), the Commission shall, as soon as possible after the end of each financial year submit to the Central Government a report, in such form and before such date as may be prescribed, giving a true and full account of its activities, policy and programme during the previous financial year.
(3) A copy of the report received under sub-section (2) shall be laid before each House of Parliament
Section 24A Exemption from liability to pay income-tax.
1[24A. Exemption from liability to pay income-tax.-- Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961), the Commission shall not be liable to pay any income-tax on its income, profits or gains.]
1 Ins. by Act 29 of 1977, s. 34 (w.e.f. 1-4-1962).
Section 25 Dissolution of the Commission. 1 docs
(1) The Central Government may, by notification in the Official Gazette, direct that the Commission shall be dissolved from such date as may be specified in the notification and thereupon the Commission shall be deemed to be dissolved accordingly.
(2) On and from the said date--
(a) all properties and funds which, immediately before the said date, were in the possession of the Commission for the purposes of this Act shall vest in the Central Government; and
(b) all members shall vacate their office as members of the Commission.
1[(3) Any time after the issue of the notification under sub-section (1), the Central Government may re-establish the Commission in accordance with the provisions of section 4 and on and from the date of the re-establishment of the Commission, the properties and funds which had previously vested in the Central Government under clause (a) of sub-section (2) shall stand vested in the Commission so re-established.]
(2) On and from the said date--
(a) all properties and funds which, immediately before the said date, were in the possession of the Commission for the purposes of this Act shall vest in the Central Government; and
(b) all members shall vacate their office as members of the Commission.
1[(3) Any time after the issue of the notification under sub-section (1), the Central Government may re-establish the Commission in accordance with the provisions of section 4 and on and from the date of the re-establishment of the Commission, the properties and funds which had previously vested in the Central Government under clause (a) of sub-section (2) shall stand vested in the Commission so re-established.]
1. Ins. by Act 10 of 2006, s. 12 (w.e.f. 15-5-2006)
Section 26 Power to make rules. 3 docs
(1) The Central Government may, by notification in the Official Gazette, make rules to give effect to the provisions of this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:--
1[(a) the manner of filling casual vacancies among the members of the Commission and the terms and conditions of service of the Chairman, the Chief Executive Officer, the Financial Adviser and other members of the Commission including the salary and allowances to be paid to them and the travelling and daily allowances to be drawn by them when they are on tour;]
2[(aa) the powers to be exercised and functions to be discharged by the Chief Executive Officer under sub-section (1) of section 5;
(ab) the financial matters in respect of which the Financial Adviser shall be in charge under section 5A;
(ac) the transaction of business at the meetings of the Board under sub-section (2) of section 10;];
(b) 3***the procedure to be followed in removing a member who is or becomes subject to any disqualification;
(c) the term of office and other conditions of service of, the procedure to be followed in the discharge of functions by, and the manner of filling casual vacancies among members of the Board;
4* * * * *
5[(dd) the constitution of the Standing Finance Committees under sub-section (1) of section 19 A;
(ddd) the procedure to be followed by the Tribunal in deciding questions referred to it under sub-section (2) of section 19B;]
(e) the date by which, and the form in which, the budget shall be prepared and submitted in each year under sub-section (1) of section 20;
(f) the procedure to be followed for placing the Commission in possession of funds;
(g) the procedure to be followed and the conditions to be observed in borrowing moneys or in granting loans;
(h) the conditions subject to which, and the mode in which, contracts may be entered into by or on behalf of the Commission;
(i) the form and manner in which the accounts of the Commission shall be maintained under sub-section (1) of section 23;
(j) the form and manner in which the returns, reports or statements shall be submitted under section 23; and
(k) any other matter which has to be, or may be, prescribed.
6* * * * *
(2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:--
1[(a) the manner of filling casual vacancies among the members of the Commission and the terms and conditions of service of the Chairman, the Chief Executive Officer, the Financial Adviser and other members of the Commission including the salary and allowances to be paid to them and the travelling and daily allowances to be drawn by them when they are on tour;]
2[(aa) the powers to be exercised and functions to be discharged by the Chief Executive Officer under sub-section (1) of section 5;
(ab) the financial matters in respect of which the Financial Adviser shall be in charge under section 5A;
(ac) the transaction of business at the meetings of the Board under sub-section (2) of section 10;];
(b) 3***the procedure to be followed in removing a member who is or becomes subject to any disqualification;
(c) the term of office and other conditions of service of, the procedure to be followed in the discharge of functions by, and the manner of filling casual vacancies among members of the Board;
4* * * * *
5[(dd) the constitution of the Standing Finance Committees under sub-section (1) of section 19 A;
(ddd) the procedure to be followed by the Tribunal in deciding questions referred to it under sub-section (2) of section 19B;]
(e) the date by which, and the form in which, the budget shall be prepared and submitted in each year under sub-section (1) of section 20;
(f) the procedure to be followed for placing the Commission in possession of funds;
(g) the procedure to be followed and the conditions to be observed in borrowing moneys or in granting loans;
(h) the conditions subject to which, and the mode in which, contracts may be entered into by or on behalf of the Commission;
(i) the form and manner in which the accounts of the Commission shall be maintained under sub-section (1) of section 23;
(j) the form and manner in which the returns, reports or statements shall be submitted under section 23; and
(k) any other matter which has to be, or may be, prescribed.
6* * * * *
1. Subs. by Act 12 of 1987, s. 14, for clause (a) (w.e.f. 24-7-1987).
2. Ins. by Act 10 of 2006, s. 13 (w.e.f. 15-5-2006).
3. The words "the disqualifications for membership of the Commission and" omitted by Act 12 of 1987, s. 14 (w.e.f. 24-7-1987).
4. Omitted by s. 14, ibid. (w.e.f. 24-7-1987).
5. Ins. by Act 32 of 1961, s. 13 (w.e.f. 28-8-1961).
6. Omitted by Act 12 of 1987, s. 14 (w.e.f. 24-7-1987).
2. Ins. by Act 10 of 2006, s. 13 (w.e.f. 15-5-2006).
3. The words "the disqualifications for membership of the Commission and" omitted by Act 12 of 1987, s. 14 (w.e.f. 24-7-1987).
4. Omitted by s. 14, ibid. (w.e.f. 24-7-1987).
5. Ins. by Act 32 of 1961, s. 13 (w.e.f. 28-8-1961).
6. Omitted by Act 12 of 1987, s. 14 (w.e.f. 24-7-1987).
Section 27 Power to make regulations. 8 docs
(1) The Commission may, with the previous sanction of the Central Government, by notification in the Official Gazette, make regulations not inconsistent with this Act and the rules made thereunder, for enabling it to discharge its functions under this Act.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:--
(a) the terms and conditions of appointment and service and the scales of pay of officers and servants of the Commission, other than 1 [the Chief Executive Officer] and the Financial Adviser to the Commission, including payment of travelling and daily allowances in respect of journeys undertaken by such officers and servants for the purpose of this Act;
(b) the time and place of meetings of the Commission, the procedure to be followed in regard to transaction of business at such meetings and the quorum necessary for the transaction of such business at a meeting;
2 [(ba) the transaction of business at the meetings of the Zonal Committee under sub-section (2) of section 12A;];
3 [(bb) the summoning and holding of meetings, and the conduct of business of a Standing Finance Finance Committee];
(c) the delegation of powers and duties to 4 *** or any employee of the Commission;
(d) the maintenance of minutes of meetings of the Commission and of the Board and the transmission of copies thereof to the Central Government;
(e) the persons by whom, and the manner in which, payments deposits and investments may be made on behalf of the Commission;
(f) the custody of moneys required for the current expenditure of the Commission and investment of moneys not so required;
(g) the maintenance of accounts; and
(h) the form in which certificates of genuineness of khadi and products of village industries may be granted by the Commission 5 [and the fees chargeable in respect thereof.]
6 [(2A) The power to make regulations under this section with respect to the terms and conditions of service and the scales of pay and pension to be paid to the employees of the Commission shall include the power to give retrospective effect from a date not earlier than the commencement of this Act, to such regulations or any of them but no retrospective effect shall be given to any such regulation so as to prejudicially affect the interest of any person to whom such regulation may be applicable.]
(3) The Central Government may, by notification in the Official Gazette, rescind any regulation which it has sanctioned and thereupon the regulation shall cease to have effect.
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely:--
(a) the terms and conditions of appointment and service and the scales of pay of officers and servants of the Commission, other than 1 [the Chief Executive Officer] and the Financial Adviser to the Commission, including payment of travelling and daily allowances in respect of journeys undertaken by such officers and servants for the purpose of this Act;
(b) the time and place of meetings of the Commission, the procedure to be followed in regard to transaction of business at such meetings and the quorum necessary for the transaction of such business at a meeting;
2 [(ba) the transaction of business at the meetings of the Zonal Committee under sub-section (2) of section 12A;];
3 [(bb) the summoning and holding of meetings, and the conduct of business of a Standing Finance Finance Committee];
(c) the delegation of powers and duties to 4 *** or any employee of the Commission;
(d) the maintenance of minutes of meetings of the Commission and of the Board and the transmission of copies thereof to the Central Government;
(e) the persons by whom, and the manner in which, payments deposits and investments may be made on behalf of the Commission;
(f) the custody of moneys required for the current expenditure of the Commission and investment of moneys not so required;
(g) the maintenance of accounts; and
(h) the form in which certificates of genuineness of khadi and products of village industries may be granted by the Commission 5 [and the fees chargeable in respect thereof.]
6 [(2A) The power to make regulations under this section with respect to the terms and conditions of service and the scales of pay and pension to be paid to the employees of the Commission shall include the power to give retrospective effect from a date not earlier than the commencement of this Act, to such regulations or any of them but no retrospective effect shall be given to any such regulation so as to prejudicially affect the interest of any person to whom such regulation may be applicable.]
(3) The Central Government may, by notification in the Official Gazette, rescind any regulation which it has sanctioned and thereupon the regulation shall cease to have effect.
1. Subs. by Act 12 of 1987, s. 15, for clause (a) for "the secretary" (w.e.f. 24-7-1987).
2. Ins. by Act 10 of 2006, s. 14 (w.e.f. 15-5-2006).
3. Ins. by Act 32 of 1961, s. 14 (w.e.f. 28-8-1961).
4. The words "the Chief Executive Officer or" omitted by Act 10 of 2006, s. 14 (w.e.f. 15-5-2006).
5. Added by Act 32 of 1961, s. 14 (w.e.f. 28-8-1961).
6. Ins. by Act 12 of 1987, s. 15 (w.e.f. 24-7-1987).
2. Ins. by Act 10 of 2006, s. 14 (w.e.f. 15-5-2006).
3. Ins. by Act 32 of 1961, s. 14 (w.e.f. 28-8-1961).
4. The words "the Chief Executive Officer or" omitted by Act 10 of 2006, s. 14 (w.e.f. 15-5-2006).
5. Added by Act 32 of 1961, s. 14 (w.e.f. 28-8-1961).
6. Ins. by Act 12 of 1987, s. 15 (w.e.f. 24-7-1987).
Section 28 Rules and Regulations to be laid before Parliament.
1[28. Rules and Regulations to be laid before Parliament.--Every rule and every regulation 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 regulation or both Houses agree that the rule or regulation should not be made, the rule or regulation 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 or regulation.]
1. Ins. by s. 16, ibid. (w.e.f. 24-7-1987).