Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in this Act, the powers, rights and functions of Regional Electricity Authority, the Central Electricity Authority, the Central Government and authorities other than the State Electricity Board and the State Government under the Indian Electricity Act, 1910 or the Electricity (Supply) Act, 1948 or rules Savings. [Act No.30 of 1998] 69 framed thereunder shall remain unaffected and shall continue to be in force. (2) Nothing contained in this Act shall apply to the Power Grid Corporation of India Limited or other bodies or licensees in relation to the interstate transmission of the electricity or generating companies owned or controlled by Central Government or undertaking owned by the Central Government. 70 [Act No.30 of 1998] SCHEDULE THE TELANGANA ELECTRICITY REGULATORY COMMISSION PART – I The Commission's Finance, Accounts and Audit I. (1) In December of each year the Commission shall submit to State Government a statement of its estimated expenditure for the ensuing financial year. (2) The State Government shall as soon as possible, after the receipt of the said statement cause it to be laid on the Table of the State Legislature. (3) The Commission may at any time during the year in respect of which a statement under sub-paragraph (l) has been submitted, submit to the State Government a supplementary statement, and all the provisions of this section shall apply to such statement as they apply to the statement under the said sub-section. II. (1) The Commission shall cause proper accounts and other records in relation thereto to be kept, including a proper system of internal check and shall prepare an annual statement of accounts, in such form as may be prescribed by regulations made by the Commission in consultation with the Accountant-General, 19Telangana. (2) The accountant of the Commission shall be audited by the Accountant General, 19Telangana or by such person as he may authorise on his behalf and any expenditure