The Berhampore Electric Supply Company Limited ( Undertaking ) Acquisition Act, 1981
west-bengal · 1981
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- S. 1(1) This Act may be called the Berhampore Electric Supply Company Limited (Undertaking) Acquisition Act, 1981
- S. 2In this Act, unless the context otherwise requires,— Definitions
- S. 3Section 3 transfers the Berhampore Electric Supply Company's undertaking from the State Government to the West Bengal State Electricity Board.
- S. 4Section 4 vests the undertaking's assets and rights in the Board, freeing it from prior obligations and allowing the Board to take possession.
- S. 5Section 5 determines the market value of the licensee's assets for acquisition under the Act.
- S. 6Section 6 allows the Board to deduct losses from payments to the licensee if it finds the licensee acted in bad faith post-acquisition.
- S. 7Section 7 authorizes the Board to deduct various dues and payments from the gross amount payable to the licensee under the Act.
- S. 8Section 8 outlines the process for determining and resolving disputes over the net amount payable to the licensee under the Act.
- S. 9Section 9 mandates delivery of acquired property and related documents to the Board and authorizes it to secure possession of such properties.
- S. 10Section 10 regulates employment terms for former licensee employees post-acquisition by the Board.
- S. 11Section 11 allows authorized Board employees to enter and investigate company premises, with penalties for withholding or misusing company property.
- S. 13Section 13 makes company officers liable for company offenses unless they prove lack of knowledge or due diligence.
- S. 14Section 14 protects the State Government, Board, and their employees from legal actions for actions taken in good faith under the Act.
- S. 15Section 15 overrides any conflicting laws, instruments, decrees, or orders.
- S. 16Section 16 allows the State Government to resolve any issues in implementing the Act by issuing orders.
- S. 17(1) The State Government may, by notification, make rules for carrying out the purposes of this Act
- S. 18(1) The Berhampore Electric Supply Company Limited West Ben (Undertaking) Acquisition Ordinance, 1981, is hereby repea