Amendment status not verified — confirm the current text below against the official source.
The State Government shall be entitled to deduct the following sums from the compensations payable under this Act to a licensee :- (a) the amount, if any, already paid in advance by way of compensation ; (b) the amount, if any, specified in section 8 ; (c) the amount due, if any, from the licensee to the Gujarat Electricity Board for energy supplied by the Gujarat Electricity Board before the vesting date ; (d) all other amounts and arrears of interest, if any thereon due form the licensee to the State Government, except loans and arrears from interest, if any, thereon ; (e) the amount, if any, equivalent to the loss sustained by the State Appointment of a sole representative. Effect of transactions not bonafide. Deductions from the compensations. [1969 : Guj. 7 Gujarat Electricity Supply Undertakings (Acquisition) Act, 1969 Government by reasons of any property or rights belonging to the undertaking not having been handed over to the State Government, the amount of such loss being deemed to be the market value on the vesting date of such property or rights, together with any income which might have been realized by the State Government if the property or rights had been handed over on the vesting date.