Amendment status not verified — confirm the current text below against the official source.
(1) The licensee shall submit once in a year, a proposal to the Commission for approval of the cost data of the rates of materials and work at which the expenditure as per Section 46 of the Act is to be recovered by the licensee. (2) The licensee shall publish such proposal in its website and publish an abstract of the proposal in one Malayalam daily and in one English daily having wide circulation in the State, as directed by the Commission. (3) The Commission shall, after conducting a public hearing on such proposal, scrutinise the proposal, determine the reasonable rates of materials and work and approve the cost data with or without modification. (4) The cost data approved by the Commission shall be published on the website of the licensee and it shall be valid at least for a period of one year from the date of its issue: Provided that the Commission may, on request from the licensee, enlarge the period of validity of the cost data.