48. Power of the Commission to make rules

The Commission may make rules in respect of all or any of the matters in respect of which rules are authorized or required to be made under this Act.

Every rule made under subsection (1) shall be published in the Gazette and shall come into operation on the date of publication or on such later date as may be specified therein.

Every rule made under subsection (1) shall, within three months from the date of its publication in the Gazette be placed before Parliament for approval. Every rule which is not so approved shall be deemed to be rescinded as from the date of disapproval, but without prejudice to anything previously done thereunder.