The BHARAT HYDRO POWER CORPORATION LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1996
assam · 1997
The scanned source for this Act is imperfect — headings or section boundaries may be off. Verify against the official source.
- S. 3Section 3 transfers the company's undertaking, assets, and specified rights and obligations to the State Government, except for past liabilities.
- S. 6Section 6 allows the State Government to transfer the company's undertaking to the Board if it complies with imposed terms and conditions.
- S. 7The State Government, for the right, title and interest of the company · amount
- S. 8Section 8 determines the gross amount payable to Bharat Hydro Power Corporation Limited based on various asset values and depreciation.
- S. 9Section 9 allows the State Government to deduct compensation from BHARAT HYDRO POWER CORPORATION LIMITED for undue benefits causing state loss.
- S. 10Where the State
- S. 11The State Government shall be entitled to deduct the following sums from
- S. 14Section 14 outlines procedures for the State Government to recover excess amounts from Bharat Hydro Power Corporation Limited as land revenue arrears.
- S. 16Section 16 transfers existing company funds for employees to the State Government or Board post-appointed day.
- S. 17(1) The company shall, within ninety days from the appointed day or of assets
- S. 18Ariy employee of the State Government or the Board or any other cntr)'
- S. 19Any p~rson, who, ---
- S. 20Section 20 prohibits courts from investigating offenses under this Act without prior state government approval.
- S. 21Section 21 holds company managers or directors responsible for offenses committed by the company.
- S. 22Section 22 protects the State Government, Board, and employees from legal actions for actions taken in good faith under the Act.
- S. 23Section 23 prevents any court or tribunal from questioning any order or action taken under this Act.
- S. 24No provision of the Indian Electricity Act, 1910
- S. 25The section allows the State Government to take necessary actions to resolve any issues implementing the Act.
- S. 26Section 26 resolves disputes regarding property, assets, and contracts related to the company, with decisions made by the Commission as an arbitrator.
- S. 27(t) the State Governn~nt may make rules for carrying out the pruposes make rules
- S. 28(1) The Bharat Hydro Power Corporation Limi
- S. 1996Section defines terms used in the Act, including "company," "undertaking," and "State Government," for the acquisition and transfer of Bharat Hydro Power Corporation Limited's undertaking.