Bare ActsThe BHARAT HYDRO POWER CORPORATION LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1996

Section 17

(1) The company shall, within ninety days from the appointed day or of assets

Amendment status not verified — confirm the current text below against the official source.

(1) The company shall, within ninety days from the appointed day or of assets. such further time as may be granted by the State Government, prepare and handover to the State Government a complete inventory of all fixed assets belonging to the company and all its documents. (2) The company shall update the accounts of the co'Tipany upto the appointed day and sec them audited and submit them to the State Government within four months from the appointed day or such further time, as may be grante4 by tne State Government, not exceeding six months including the exten~ioo'- 1 ' , ' ' ' ' ' ; > , , f , ) ( {: j [ .. THE ASSAM GAZETfE, EXTRAORDINARY, JANUARY 6, 1997 • (3) The company shall within such time, as may be specified by the State Government, furnish ~o them such informations and particulars as may be required by the State Government in regard to documents retating to the com'Jany. · (4) The compan; shall not dest:oy any docui.1ent relating to the company ar 1 shall hand over to the State Governm·ent on t!1e appointed day all such d0cm11e-nts which are 11eccs~ary for ascertaining the asses s or the company, the r ~hts, liabilities. and obligations attached thereto :ind for determining th~ «mount payable or deductable in respect of the comp·rny under this Act.· (5) Wher the d0cuments .1foresaid nave been taken possession of by the tate Governine n, the company or any person authorised by it in this behal(, shall 1 .. we access to ~uch documeQts at all reasonable times and shall also be entitled to ta Ke copies or .extracts thereo~ Power of

Section 17 – The BHARAT HYDRO POWER CORPORATION LIMITED (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1996 | DailyLaw.ai