Section 30 - Power to Make Regulations

(1) The IAIC may, by notification, make regulations consistent with this Act and the rules made thereunder to carry out the provisions of this Act.

(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for all or any of the following matters, namely —

(a) The criteria and process for the classification of AI systems based on their conceptual, technical, commercial, and risk-based factors, as specified in Sections 4, 5, 6, and 7;

(b) The standards, guidelines, and best practices for the development, deployment, and use of AI systems, including those related to transparency, explainability, fairness, safety, security, and human oversight, as outlined in Section 13;

(c) The procedures and requirements for the registration and certification of AI systems, including the criteria for exemptions and the maintenance of the National Registry of Artificial Intelligence Use Cases, as specified in Sections 11 and 12;

(d) The guidelines and mechanisms for post-deployment monitoring of high-risk AI systems, as outlined in Section 17;

(e) The procedures and protocols for third-party vulnerability reporting, incident reporting, and responsible information sharing, as mentioned in Sections 18, 19, and 20;

(f) The guidelines and requirements for content provenance and identification in AI-generated content, as specified in Section 23;

(g) The insurance coverage requirements and risk assessment procedures for entities developing or deploying high-risk AI systems, as outlined in Section 25;

(h) Any other matter which is required to be, or may be, prescribed, or in respect of which provision is to be made by regulations.

(3) Every 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 regulation or both Houses agree that the regulation should not be made, the 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 regulation.