 ·'blu"no lato! 1270 the newspaper finance corporation bill, 1970 clauses chapter i preliminary1 short title, exten17 8nd'~cement 2 definitions  , 1 ghap'i:er ii incorporation or newspaper financiltlcoidjorationijanb'llts capital3 establishment and mcorpotationof "'newspaper "'finance' corporation 4 head office and otherl~es 5 capital of corporation  chapter iii management of the corporation6 management 7 board to be guided by directions of central government 8 constitution of board 9 conditions of service 10 disqualifications 11 vacation and resignation of office of directors 12 meetings of board 13 defect in appointment not to invalidate acts, etc 14 fees and allowances of directors 15 appointment of general manager 16 staff of board 17 authentication of orders and other instruments of board  chapter iv fund and business of the corporation18 fund of corporation 19 loan to corporation by central government 20 business which corporation may transact 21 loan by corporation to small or medium newspapers  clauses22 loan by corporation how secured 23 24 25 26 corporation to charge interest for loan duration of loan advanced by corporation loan not to be advanced in certain cases recovery of money due to corporation  chapter vaccounts, avdit and retvrn 27 accounts 28 audit 29 disposal of profits 30 returns  chapter vi miscellaneous31 declaration of fidelity and secrecy 32 indemnity of directors 33 protection of action taken in good faith 34 directors, etc, to be public servants 35 provisions relating to income-tax 36 delegation of powers 37 power of central government to make rules 38 power of board to make regulations the schedule  billto provide jor the establishment oj a newspaper finance corporation for rendering financial assistance to small and medium -newspapers and jor matters c01inected therewith or incidental thereto be it enacted by parliament in the twenty-first year of the republic of india as follows:- chapter i preliminary5 1 (1) this act may be called the newspaper finance corporation act, 1970 (2) it extends to the whole of india short title, extent· and commencement (3) it shall come into force on such date as the central government may, by notiftcation in the official gazette, appoint 10 z in this act, urtless the context otherwise requires,-definition (a) "board" means the board of directors of the corporation; (b) "corporation" means the newspaper finance corporation eetablished under eection 3; (c) "medium newspaper" means a daily, bi-weekly, tri-weekly or weekly newspapers, the average circulation of which exceeds,-(i) in the case of a bi-weekly, tri-weekly or weekly newspaper, five thousand copies, (ii) in the case of a daily newspaper, fifteen thousand copies, s but does not exceed, in any case, fifty thousand copies; (d) "newspaper" means any printed periodical work containing public news c:jr comments on public news, but does not include any printed periodical work which, or a major part of which coontains exclusively news relating to sports, or technical, professional, econo- 10 mic or financial matters, or all or any of them; (e) "small newspaper" means a daily, bi-weekly, tri-weekly or weekly newspaper, the average circulation of which exeeds,-(i) in the case of a bi-weekly, tri-weekly or weekly newspaper, two thousand copies but does not exceed five thousand 15 copies, (ii) in the case of a daily newspaper, five thousand copies, but does not exceed fifteen thousand copies; (f) "prescribed" means prescribed by rules made under this act  chapter ii20  lncoaroratipn of newspaper finance cobporation and its capital·,a:(j'~wjd-ct from such date as the central governme~t may, by noti&ti04 in' -tlwr ~iabgd~tue·, appqint/, thtre mll' be' established·lfllr the purposes of this act a corporation to be known as the newspaper finance corporation / 25 establishment and incorporation of newspaper finance corporation (2) the corporation shall be a body corparate with the name aforesaid, having!pe~ua]1 succession: andlla· common· seal· wuit ~powel' subjec!t, to' the· 'pnwibions at· this ac~ to iqcquire,lhold·and: dispose 'of 'pro-perty, movable and irntaovable;land1 to \conttactl~'qnd) may,~byllthat':name liue or be sued 30 head office and other offices 4 the corporation shall establish its head office at j)eitjii·:(tt'suohlother place as the central government may specify in this behalf and may, with the previous approval of· thel central government, establish other omces at other places in india capital of corpora tiod ·1 s ,(1) ·the'u~_eapiml,of the<corpmationwll be:npees three 35 erores, to be provided by the central govemment, out of which, rupeel one crore shall be subscribed by that government in the first instance (2) the central government shad, after a loan of a sum of irupees one erore has been advanced by it, under seetion 19,' to the corportion, subseribe to the capital of the corporation a further sum of rupees one 40 crore, and shall, after a further loau of a sum of rupees one crore has been advaneed by it to the corporation, subscribe a further sum of rupees one cron;'folhe: opith} of the~rati6ll/' (s) the- entire capital of 'the' col1jo  ~ sh  t·ttblltlj ",est" in, and allotted to, the central govemment 45  chapter :iii: management of the corporation6 (1) the general superintendence, direction and management of the manageaffairs and business of thecorporatioon shall vest in the board which may ment s exercise all the powers and discharge all the functi<1ils which may be exercised or discharged by the corporation (2) the' board, in discharging its functions,· shall act on business principles, regard being had to the interests of the general"' public; 7 in the discharge of its functions, the board shall be guided by such 10 directions in matters of policy as the central gavemment may give to it in writing hoare:! to be guided by directions of central government  - 8 ~l) ,the board  shall coll6i  · of a chairman ancil40ur i other, direclol'fij' wfto!1ihali bel appointed· by the central< gwerdmenti· constitution o~ board (2)' , out> of the' ·di!'eobors appointed· under· ~ub-section'(l), not· more is than - one--shall ' be· an  ofticer of the 'central gavemment conditions of service 9 (1) the chairman and the other directors shall hold office during the''pleasure'ofthe'·ceritnil ·(sovernment·'and·the period of such ofbce, unless terminated earlier, shall be two-years': (2)subj-ect "to the provisionsofsu'b<-eeetion (1)', the· conditions of ser-20 vice of the chairman and ·the other directors shall be such ·as may beprescribed (3) it is hereby declared that the oftice of the' chairman or any otller dir~r shall not disqualify its holder for being chosen as, or for being, a member of either house (1f parliament or of any legislature 'of a st  (4) the chairman and the other directors shall be eligible for re-2s appointment 10 no person shall be a director, who,-disqlwi~-(a)ds m employee,of a newspapef or·ha&a subataatialintejest, catiam in 'any newspaper; or' 30 (b) is, or at any time has been, adjudged insolvent or has suspe:ncitd pafimnt, of hilt, debts,' or  haa; ooral'oou4ed-wi~ ,his - crmimrs, or, (c) is of unsound mind and stands 'so dec4ared'bya competent· coul't\, or  (d) 'is or has been convicted of an·'offence,· whieh,'in the-opinion 3s of the centralgovernmenb, involvesmotal tuq>itude • explanation-for the purposes of clawje (a), a perion shall be deemed  to have substantial interest in 8 newspaper if he-(i) owns the newspaper, or (ii) holds not less than twenty-five per cent of the subscribed capital of the co'mpany which owns the newspaper, or (iii) has lent to, or given any guarantee or provided any security in connection with any loan to, the newspaper where the aggregate of the amount of such loan is not less than fifty thousand rupees 5  11 (1) if a director,-(a) becomes subject to any of the disqualifications specified in section 10, or vacation and resignation of office by directors (b) is absent without leave of the board for more than three consecutive meetings thereof, 10 his seat shall thereupon become vacant (2) the chairman or any other director may resign his office by giving notice thereof in writing to' the central government, and on such resignation being accepted, shall be deemed to have vacated his office  - (3) a casual vacancy arising under sub-section (1) or sub-section (2) is or for any other reason shall be filled by fresh appointment, and a director so appointed shall bald office for the remainder of the period for which the director in whose place he is appointed would have held office meetings of board 12 (1) the board shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its 20 meetings as may be prescribed (2) three directors personally present at any meeting of the board shall be the quorum for such meeting (3) if, for any reason, the chairman of the board is unable to attend any meeting of the board, the directors present at the meeting shall elect 2s one of them to preside at the meeting (4) all questions which may come up beme any meeting of the board shall be decided by a majority of votes of the directors present and voting, and in the case of equality of votes, the chairman of the board or in his absence, the person presiding, shall have a second <1r casting vote 30 13 (1) no act or proceeding of the board shall be invalid merely on the ground of the existence o'f any vacancy in, or any defect in the constitution of, the board defect in appointment not to invalidate acts, etc (2) no act done by any person acting in good faith as a director shall be deemed to be invalid merely on the ground that he was, at the time 3s when such act was done, disqualified to be a directar or that there was any other defect in his appointment  14 every director shall be paid such fees and allowances as the board may, by regulations, determine, for attending the meetings of the board or atteading to any other work of the corporation: 40fees and allowances of directors provided that no such fees shall be paid to a whole-time chainn,an or to ally other director who is an officer of the central government 15 the board shall appoint a general manager who shall-(a) be a whole-time officer, appointment of general manager (b) possess such qualifications as may be determined by regula- 45 tions, (c) perform such duties as the board may by regulations or otherwise entrust to him, and (d) receive such salary and allowances as may be determined by regulations stafi of board 5 1~ the board may appoint officers and other employees as it may consider necessary for the efficient discharge of the business of the corporation and determine, by regulations, the conditions of their service 17 all orders and decisions of the board shall be authenticated by the signature of the chairman or any other director authorised by the (0 board in this behalf and other instruments issued by the board shall be authenticated by the signature of the general manager or any other officer of the board authorised in like manner in this behalf authentication of orders and other instruments of board  chapter iv fund and business of the corporation15 18 (1) the corporation shall have its own fund, and all receipts of fund of the corporation shall be credited thereto and all payments of the cor-corporaporation shall be met therefrom tion (2) the fund shall consist of-(a) all moneys received by the corporation from the central 20 government; and (b) any other sums received by it under this act, whether by way of interest or otherwise (3) the board shall deposit all moneys belonging to the fund in the reserve bank of india or the state bank of india or in such scheduled 25 bank as may be approved in this behalf by the central government (4) the corporation may invest any money for the time being standing to the credit of the fund in any government security or in any other security approved by the central government 19 (1) the central government may, after due appropriation made 30 by paruament by law in this behah, advance such loan to the corporation as it may deem necessary to enable the corpoartion to perform its functions under this act, and every loan so advanced shan be on such terms and conditions as the central government may determine: | loans    ||----------|| corpora- || tion     || by       || central  || govern-  || ment    |provided that the aggregate amount of the lqan advanced to the cor-35 poration by that government shall not, at any time, exceed three crores of rupees (2) every loan advanced by the central government to the corporation, together with interest due thercon, shall be repayable in ten equal annual instalments commencing hom the date on which the loan was 40 received by the corporation: provided that the central government may, on request being made to it by the corporation, increase the number of iostahoents or alter the amount of any instalment or vary the date on which any instalment is payable '(31)tb'\iiel'f' loan  :byothectral gover_eat to ithe corporation under sub-seetion (1) shall carry· - ,st at the-18iil8,rateat,which loan are advanced by that government on the date of such loans 20 the corporation may advance loan to any small or medium newspaper to enable it to expand its circulation, or to purchase newsprint, s -printing machinery orany'other''equipment-which may be required for 'its ptintihg or'publication: business which corporation may transact provided that the aggregate amount of such loan to anyone newspaper 'lshall not, at any time, exceed the 'sum of rupees twenty lakhs loanb'y corporation to small or medium newspapers 21 (1) subject to the provisions contained in section' 20, no loan shall 10 be granted by the corporation of lin amount exceeding seventy-five per cent of the net value of the assets of the borrowing newspaper and of any other property offered as collateral security by the borrowing newspaper or any other person interested in the loan, after deducting, in both cases, the existing incumbrances, 'the ftlue of such assets and property (s being ascertaided 1 by 'mlch -ind6j)engent valuer of tanding as may be appointed by the central government and every such valuation shall be ' made- in ''such '!ila!merj and in ac'ebrdance with rch pl'ilaciples of valua-;,·tion; as''may be ~scribed (2) the corporation while dealing with any application of a news- 20 paper for a loan, shall not take the ide>gy or'views: editorially ekpressed " ia·-such-'new8paper into consideration loan by corporation how secured 22 the corporation shall ensure that every -roan' 'ildvanced  by it to ·tt n:e\\t,ape is ·weaured' by a i mor1lgage of the, whole ar such portion of the assets of the borrowing newspaper as' it  may -consider suffiicent, 2s and where the whole of such assets is not considered sufficient by the valuer, 'the -corpdhlttiori'shall-bbt'ain·'stich '~llatera1' 'seol!lrity as' may be , offered by' 'the t)orrowing' newspaper orl , any person' lidtelestedl in -;the loan   123 (1) !'i'be han1'atl'mn:ed by':the 'oorporatian to a·small or i medium 30  newspaperitfbau (!arryh1ll'tsest at a -rate which· man ex<leed· by ftveper cent the rate of interest atnwtjich,joans' were< acivanced to it bythe central government: corporation to charge interest for loan ; , ,'prm'i1led  ulat ift the -borrowing· new,aper makes pepayment of any ,··nimwtnenll 'of,lean·iogather with interest due thereon on or before- the 3s '''date' or' which' suob instalment was payable, the rate of interest payable on such instalment onheloan shall be reduced by two-and-a-half per cent (2) the interest due on any instalment of loan advanced to any small 01' medium ~paper~iln be pr1~  ally~nd iujltiltontori'lu'vl shall be 'grantedin' mped' of'·men'iritetest 40 u e~ry loan advanced by the corporation to a small or medium newspaper snal1 be repayable,' tdgether withint~test"-due 'otj\'t'!"t!oni in ten  equalarmualbtstalments duration of loan advanced by corporation loan not ,n 25: r(1)lngi>loan·ehall be '8dvanced by :1he corporation t8 any small or to be  ,ftnedfum'newepsper,-45 advanced in certain (a) in' 'which any ditectot· of i tlie'boal'dis jdtteet1y or ~t11 easel interested; tb) w~ch is uwned or controlled by a pqhtlcal p~y for being l\1hd ~ ,an instrument or organ for the prop~gation of the policy, programme or ideology of such political ~tyj s 45 of 1860 (c) which has printed or published any matter leading to the conviction of the writer or editor for any offence punishable under section 153a, 294, 295a or 505, of the indian penal code within one year immediately preceding the date on which the application for the lo:m is made, the conviction not' having been set aside; 340fl965 10 (d) which has been censured by the press council of india under section 13 -of the press council act, 1965 in respect of any writing, 'wi1hin one year immediatt:!ly llreceding·the date on which an application for the loan is made; 15 (e) which has received or is receiving assistance (whether financial or otherwise), directly or indirectly, from any foreign government, organisation or individual '":i~';:~·;'!~ - (2) no loan shall be granted by the 'corporation for the starting, for the first time, of any newspaper  recovery of money due to corporation 16 where any amount is due to the corporation in respect of a loan advanced by it to any small or medium newspaper, the corporation or 20 any person authonsedby itin writing in this b~lf, may, without prejudiceltoaray other mode of recovery, make an application to the central government for the ,recovery of the amount due to the corporation, and if the cental government or suc;h authority, as that government may specify in this behalf, is satisfied after following such procedure as may 25 be-"ptescr:ibed ·that any amount is so due, it may issue a certifi~ate fqr that amount'-to the' collector concernedw:ho ,shall proceed to recover the said -amount ,tn"the ,same manner 8lld under the ,same conditfona, as if the said amount were -an altear of ,land revenue: provided that the good-will of the small or medium newspaper shall 30 not be sold in the event of the proceedings for the recovery of arrears of iand revenue resulting in the sale of the assets ·of the said newspaper  chapter v27, (1) 'rhe balance-sheet and accounts of the corporation shall be aceounts 3s pr~pared and maintained in such fo~m and manner as may be prescribed (2) the board shall cause the books and accounts of the corporation to be balanced and closed on the thirtieth day of tune each year 28 (1) the accounts of the corporation shall be audited by an audi-audit tor duly qualified to act as an auditor under sub-section (1) of section 226 lof1956 4oof,thecoiqpanies act, 111,' who shall be appointed by the cenu-al gov-~bt ,in wnsultlltionwith:v1e comptroller and auditor general of india (2) the corporation shall supply its auditor with a copy of its annual balance-sheet and it shall be the 'duty of the auditor to examine such 4s balance-sheet together with the accounts and vouchers relating thereto and l1e shall have a list delivered to him of all books kept by the corporation and shall at all reasonable times have access to the books, accounts, vouchers and other documents of the corporation (3) the auditor may, in relation to the accounts of the corporation of which he is the auditor, examine any director or any officer or employee s of the corporation, and shall be entitled to require from any officer of the corporation such iniormation or explanation as he may think necessary lor the· performance ot his duties' (4) the auditor shall make a report to the corporation upon the annual balance-sheet and accounts examined by him and in every such report he 10 shall state whether in his opinion the accounts exhibit a true and fair view,-(a) in the case of the balance-sheet, of the state of affairs of the r-' , 'corporation at the end of the year, and (i» in case he had called for an explanation or information from is the corporation, whether it has been given and whether it is satisfactory - (5) wi'ihoucprejudice to anything contained in the preceding subsections, the comptroller and auditor general of india may, if so requested by the central government, examine and report upon the accounts of 20 the corporation and any expenditure incurred by him in connection with such examination and report shall be payable by the corporation to the comptroller and auditor general of india disposal of profits 29 after making provision for bad and doubtful debts, depreciation in assets, contributions to staft and superannuation funds and all other 2s matters for which provision is necessary under any other law or which are usually provided for by financial institutions, the corporation shall transfer the balance of profits to the central government returns 30 (1) the corporation shall furnish, from time to time, to the central government such returns as that government may require ao (2) the corporation shall furnish to the central government within three months from the date on· which the annual accounts of the corporation are closed, or within such further time, not exceeding one month as that government may specify, a copy of its balance-sheet as on the close of that year, audit report, a report of the working of the corporation dur- 35 ing the year and copies of the said balance-sheet, audit report and report of the working of the corporation shall be laid before each house of parliament  i ii chapter vi - miscellaneous31 every chairman, director, officer or other employee of the corporation shall, before entering upon his duties, make a declaration of fideuty and secretary in the form set out in the schedule declaration of fidelity and secrecy indemnity of directors 3zevery director shall be indemnified by the corporation against all losses and expenses incurred by him in the discharge of his duties except 4s such as are caused by his own wilful act or default protection of action taken in good faith 33 no suit or other legal proceeding shall lie against the central government or the corporation or any director or officer of the corporation or any other person authorised by the corporation to discharge any functions under this act, for any loss or damage caused or likely to be caused s by anything which is in good faith done or intended to be done in pursuance of this act 34 every director of the corporation and every officer or other employee appointed by the corporation shall be deemed to be a public ser-45 of 1860 vant within the meaning of section 21 of the indian penal code 43 of 1961 10 35 for the purposes of the income-tax act, 1961, the corporation shall be deemed to be an indian company and a company in which the public are substantially interested directors, etc, to be public servants provisions relating to inconetax delegation of powers 38 the board may, by general or special order, delegate to the chairman or general manager or any other officer of the corporation subject is to such conditions and limitations, if any, as may be specified in the order, such of its powers and duties under this act as it may deem necessary 37 (i) the cent'ral government may, by notification in the official gazette, make rules for carrying out the provisions of this act power of central govern menttu make rules 20 (2) in particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of th'e following matters, namely:-(a) conditions of service of the chail'man and the other directors; (b) rules of procedure with regard to the transaction of business 2s at the meeting of the board; (e) the manner in which the value of the security offered is to be ascertained; (d) procedure for determining the amount due to the corporation from a small or medium newspaper; (e) the form and the manner in which the balance-sheet and accounts shall be prepared and maintained; and (f) any other matter which is required to be, or may be, prescribed (3) every rule made under this section shall be laid, as soon as may 35 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 successive sessions and, if, before the expiry of the session in which it is so laid or the session immediately following, both houses agree in making any modification in the rule or both houses agree that 40 the rule should not be made, the rule shall thereafter have effect only in such modified form or be no effect, as the case may be; so however, that any such modification or annulment shall be witliout prejudice to the validity of anything previously done under that rule 3& (1) tbl! board·· may make regulations··not· ibconbistent with the pro\"isions of this act and the rules made thereundec· to provide· fol' all matters for which provision is necessary or expedient, for the purpose of giving effect· to the provisions of this act regulations; (2) in particular, and without prejudice to the generality of the fore-s going provisions, such regulations may provide for all or any of the  following matters, namely:-(0) fees and allowances whlc)r·ttlay be'paid tg every, director for attending any meeting of the board; (b) qualifications for being appointed as the general manager; 10 (c) duties, conduct, salaries and allowllnces and condttrbm of service of general manager and ot1\er omeers and em~loy~s of tae corporation; (d) establi~hment and mbi!\'\:erta~ of· p~ovi\ient' and other benefit funds for th~ empi'oy'ees' of the corporation; and is (e) any other matter which is, or may be, necessary ·for the efficient conduct of the affairs of the corporation  the schedule (see seetton 31)declaration of fidelity and secrecy i,  , do hereby declare tha t i will 20 faithfully, truly and to the best of my judgment, skill and ability, execute and perform the duties required of me as a director, officer or empl'6yee (as t'he case may be) of the newspaper finance corporation and which properly relate to any office or position in the said corporation 25 held by me i further declare that i will not communicate or allow to be communicated to any person not legally entitled triereto any information relating to the affairs of the corporation nor will i allow any such person to inspect or have access to any books or documents belonging to or in the 30 possession of the corporation and relating· to the business of the corporation signed before me date     statelmnt of objects and reasonsone ot the main diftleultin in the way of the g,t'dwth aad development ofsmbliandmedium newspapers on healthy lines is the lac]q of adequate ftbaniles the enquiry committee' on small newspapers, which went into this question, recommended the setting up ,of a ftneaeeeojporation by the government of india to provide credit facilities to small and medium newspapers for purchasing printing machinery, newsprint; buildings, etc the press council have also advised that the long-term solution for the problem, pased by newspapers which are aiungflnanciaily, would' be ,for government to form' a ftnanee colipoflauou with 81\ inde-pendent board wiih power to help such newspapel's" 2 iii furtheroce of the above objective, it has, been decided to set up a, newspaper finance corporation to extend financial assistance in the  snape of int8l'est bearing loans to small and mediulu newspapers without, in any way, attempting to interfere with the freedom of the press  tile bill seeks to establish such a corporation " satya naha¥mn sinha ntw d£i:m; the 20th no'vember, 1970 the bill contemplates the setting up of a newspaper finance corporation to extend financial assistance in the shape of loans, carrying interest to newspapers published daily, bi-weekly, tri-weekly or weekly, whose average circulation does not exceed 50,000 copies the total (equity) capital of the corporation will be rs 3 crores, to be invested entirely by government, out of which rs 1 crore will be initially invested (oole clause 5) 2 central government will also grant loans to the corporation, as may be found necessary from time to time; the total amount af such loans will not exceed rs 3 crores at any point of time (vide clause 19) 3 the investment by government in the equity capital qf the corporation and the grant by government of loans to the corporation, will be made alternately, and according to the amounts required from time to time after the initial investment by government to the corporation will be in the shape of loans till the next rs 1 crore is reached thereafter payments will be in the shape of equity capital till the next rb 1 crore is reached; and so on 4 provision has been made in the bill for the appointment of a chairman, 4 directors and a general manager who will be provided with the necessary staff to enable the corporation to discharge its functions efficiently and expeditiously 5 the expenditure from the consolidated fund of india on account of the corporation is estimated to be rs 6 cfores for being invested in equity capital and loans (rs 3 crores in equity and rs 3 crores in loans) (vide clauses 5 and 19) it is estimated that the recurring exi>enditure to be incurred by the corporation from its own income on pay and allowances, fees of directors, travelling allowances, miscellaneous recurring contingent charges, etc, would be of the order of as 4 lakhs, it will also have to incur iln expenditure of the order of rs 50,000 initially for office equipment, furniture, typewriters, etc, to be met f~'om its income no provision has been made in budget estimates 1970-71 for any payments in respect of this cprporation (vide clause 14) clause 37 of the bill empowers the central government to make rules to carry out the provisions of the bill, when enacted the matters in respect of whicn such rules may be made, inter alia, relate to the conditions of service of the chairman and the other directors of the board of the newspaper finance corporation, rules ot procedure with regard to the transaction of busineis at the meetings of the board, the manner in which the value of the security offered for obtaining a loan from the corporation is to be ascertained, procedure for determining the amount of loan due to the corporation from a small or medium newspaper and the form and the manner in which the balance-sheet and accounts of the corporation shall be prepared and maintained sub-clause (3) of this clause provides that every rule made by the central government shall be laid before parliament and shall be subject to modification by parliament 2 clause 38 of the bill empowers the board to make regulations, not inconsistent with the provisions of the act and the rules made thereunder, for the purpose of giving effect to the provisions of the bill such regulations may provide, inter alia, for the fees and allowances which may be paid to every director of the board for attending any meeting of the board, qualifications for being appointed as the general manager, duties, conduct, salaries and allowances and conditions of service of general manager and other officers and employees of the corporation and for the establishment and maintenance of provident and other benefit funds for the employees of the corporation 3 the matters in respect of which rules or regulations may be made are generally matters of procedure and administrative detail and it is' hardly practicable to provide for them in the bill itself the delegation of legislative power is, therefore, of a normal character a bill to provide for the establishment of a "newspaper fi~e corporation for l-endering financialllssistance to s:nai1md-medium newspapers and for matters connected therewith or incidenmlthereto   (shri satya narayan sinha, mint"ster of information &> broadcasting and com1fllmications) 