Rule-making power under the Companies Act enables government to prescribe rules, penalties for breaches, and parliamentary scrutiny. Section 469 vests the Central Government with the power to make rules by notification to implement the Companies Act, including rules on matters the Act requires or permits to be prescribed. Rules may prescribe penalties for contraventions, including additional daily fines for continuing contraventions. Every rule made under this section and every regulation made by securities regulators under the Act must be laid before both Houses of Parliament for a specified period, during which Parliament may modify or annul the rule or regulation without affecting prior validity.