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Section 1

[(ja) the manner in which nomination may be made under sub-section (1) of section 47A;]

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1 [(ja) the manner in which nomination may be made under sub-section (1) of section 47A;] (k) any other matter which is to be, or may be, prescribed. (3) Any regulation which may be made by the Board under this Act may be made 2*** in consultation with the Central Government, before the expiry of three months from the date of establishment of the National Housing Bank, and any regulation so made may be altered and rescinded by the Board in the exercise of its powers under this Act. (4) The power to make regulations conferred by this section shall include the power to give retrospective effect to the regulations or any of them from a date not earlier than the date of commencement of this Act, but no retrospective effect shall be given to any regulation so as to prejudicially affect the interests of any person to whom such regulation may be applicable. (5) The Central Government shall cause every 3 [rules, regulation or scheme] made under this Act to 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 3 [rules, regulation or scheme] or both Houses agree that the 3 [rules, regulation or scheme] should not be made, the 3 [rules, regulation or scheme] 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 3 [rules, regulation or scheme . ]