Bare Act
The Kottayam Electric Supply Agency (Undertaking) Acquisition Act, 1980
Infrastructure198022 sections
This Act regulates the transfer of the Kottayam Electric Supply Agency's operations from a private licensee to the Government. It applies to the licensee, the Government, and the Kerala State Electricity Board. The law mandates that all assets, rights, and liabilities of the agency vest in the Government on a specific date. The Government then transfers this undertaking to the State Electricity Board. To compensate the original licensee, the Government pays a cash amount equal to the market value of the undertaking on that date, ensuring a smooth transition of electricity services to public control.
- 1. Short title and commencement
- 2. Definitions
- 3. Undertaking to vest in Government
- 4. General effect of vesting
- 5. Transfer of undertaking to the Board
- 6. Payment of amount
- 7. Gross amount payable to the licensee
- 8. Effect of transactions not bona fide
- 9. Deduction from the gross amount
- 10. Manner of payment of net amount
- 11. Transfer of services of existing employees
- 12. Power of entry
- 13. Duty to deliver possession of properties, etc
- 14. Penalties
- 15. Offences by companies
- 16. Protection of action taken in good faith
- 17. Effect of other laws
- 18. Power to remove difficulties
- 19. Cognizance of offences
- 20. Arbitration
- 21. Power to make rules
- 22. Repeal and saving
PDF: pending for this language.