Amendment status not verified — confirm the current text below against the official source.
(1) Every licensee may, within thrm months of (he of a sole receipt of an ordei. under soction 4, sub-section (I), inti- resresentaiive. mating the vesting date or, in the caso of an undertaw taken over, within three months of the commencement of this Act, appoint an individual who may be the rnanagng agent or a director or an officer of the licensee or l[any other individual] to act a: his solo and accredited rrprosan- tative in connoxion with the handing over of the under- taking Qr the fixed assats, as the case may be, to the Government and perfarming on behalf of the licanoea the functions herainaftt r specified. (2) Where the: licensee is a company registered under *the Indian Companies Act, 1913 (Central Act VII of 19 13), the appointment of the accredited rapressntative shall be made by tho shareholders of the company at a meeting specially convened for aha purpose. (3) Nothing in the foregoing sub-sacti02 shall be deemed to require a licensee of an undertaking taken over, who has appointed an individual as his sole and accredit& representative, to m a k ~ a fresh appointment after the com- mencement of this Act; and the .said representative shall be deemed for all purposes to be the accredited representa- tive appointed under the foregoing sub-sections. (4) Where the :~ccradited roprasantativc reaigns OE dies or becomes incapable of acting or i s ir the opinion of the Government, incompetent or dishonest or where the appointment of such representative is set aside or declared void by corn;>eten t authority, tha Government shall call upon tho licensee. to appoint within six waeks, a[another individual] as his accreditad representative. (5) The remullerntion of, and the expel-Jiture incur- red by, the accreditec! repmstlntative shall be, and shall be deemed always to have been, payable from the compensation deposited or deemed to h ~ v e been depositd under this Act and shdl hava and shall be deemed always to have had priority over all other d~bts and liabilities. - - -- -- -.-- - - --- --- I _ - _ ___- 1 These words were suhstitu!ed fbr tfle war(ls "or. any c)tlrer person" by section I c;f the Tamil Nadu Bl~~ctr.icity Urlclcr.r;,kiilgs (Acquisition) Atncri(lrncn1 Act, 1957 (T::mil N:ld{i Act VJ fpf' 1 #)57), deemed 10 have t.clrnc i n t c ) iorcc ort thc 13lll 0ctoirc.t 1054. Whcsc wortis wci'c. substitut ccf fikr ( tic wcrrtla * *;t~luthcr. I personcc by sect ion S(ii), ibirl. * See now the Cornpaflies Act, 1956(Centrai Act 1 of 1956) 1954: T*N. Act XXM] Electricity Supply - 319 -- - -- - - L Under takings (A cqu hitton) (6) assurances conveyed, and all statements made, by such representative (inclusive of a representative whose appointm~nt is subsequently set aside or declared void by competent authority) shall be binding on the licensee. (7) Where the licahsee does not appoint an individual to act as his sole and accredited representative under sub- section (1) or sub-section (4), the functions hereinafter ansigned to the accredited representative shall be performed by the licensee ; and all references in the rest c f this Act to the accredited representative shall be construed as references to the licensee and any referonce to a pe~iod of time to be reckoned from the date of appointment of the accredited representative shall, in such a case, be reckoned from the ' last date on which such accredited representative could have