Section 53 — Power to make regulations

(1) Subject to sub-section (2), the Commission may make such regulations, which shall not be inconsistent with the rules made under this Act and which, may be required to carry out the purposes of this Act.

(2) Before making any regulations, the draft thereof shall be published by the Commission in the official Gazette for eliciting public opinion thereon within a period of not less than fourteen days from the date of publication.

(3) Any regulation made under sub-section (1) may provide that a contravention thereof shall be punishable with a fine which may extend to two million rupees and, where the contravention is a continuing one, with a further fine which may extend to ten thousand rupees for every day after the first during which such contravention continues.