Is the Rules and regulations to be laid before Parliament? Section 48 of FEMA Act 1999
48. Every rule and 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.
Section 41 - Power of Central Government to give directions
Section 42 - Contravention by companies
Section 43 - Death or insolvency in certain cases
Section 44 - Bar of legal proceedings
Section 45 - Removal of difficulties
Section 46 - Power to make rules
Section 47 - Power to make regulations
Section 48 - Rules and regulations to be laid before Parliament