The Minister may make regulations for carrying out the intent and purpose of this Act and in particular, may make regulations to—
(a) prescribe the form of application to be made for interim approvals, the manner of preparing site plans of proposed hotels or tourism projects, information on their environmental impact, financial forecasts and specifications that are to accompany applications for approval of tourism projects;
(b) prescribe the form and content of interim approvals and the conditions and terms to be contained in them, along with those conditions which, if breached, will result in the revocation or suspension of an interim approval;
(c) prescribe the form and content of orders and provide for the giving of security in the case of an order made in advance of completion of an approved tourism project;
(d) prescribe the form and content of licences to be issued on completion of a tourism project along with the standards and conditions to be met prior to their issue;
(e) prescribe the form of permits fees and the terms and conditions under which permits are to be granted;
(f) prescribe the type of mark to be affixed to any article or equipment imported or purchased under a permit and the manner in which it is to be affixed;
(g) prescribe the form of inventory required by section 22 to be kept in respect of articles or equipment imported or purchased under a permit;
(h) provide for the making up of the accounts of operators or owners of tourism products at the beginning and end of any tax exemption period, and the manner in which the accounts are to be made up; and
(i) provide penalties by way of fines or imprisonment or both for contravention of the regulations.