Vidhi Codex

Bare Act

The Tamil Nadu Electricity Supply Undertakings (Acquisition) Act, 1954

Corporate195424 sections

This Act empowers the Government of Tamil Nadu to acquire and assume control of electricity supply businesses from private licensees. It applies to all power undertakings taken over by the state between January 1, 1951, and prior to the Act's commencement. By establishing a specific "vesting date," the law provides a clear legal mechanism for transferring ownership from private operators to state governance. It matters because it enables the government to effectively manage electricity resources, ensuring public service continuation by specifying how fixed and intangible assets are valued and transferred during the takeover.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Definitions and interpretation
  3. 5. Compensation payable to a licensee
  4. 6. Vesting of the undertaking assets
  5. 7. Appointment of a sole representative
  6. 8. Choice of basis of compensation
  7. 9. Deductions where Government are of opinion that any licensee has...
  8. 10. Deductions from the compensation
  9. 11. Manner of payment or deposit of compensation
  10. 13. Arbitration
  11. 14. Termination of managing agency
  12. 15. Provisions regarding staff of licensees
  13. 16. Inventory of assets and information in regard to documents
  14. 17. Power of Government
  15. 18. Penalties
  16. 19. Offences by corporations
  17. 20. Protection of action taken under Act
  18. 21. Power to make rules
  19. 22. Effect of other laws
  20. 23. Power to remove difficulty
  21. 24. Saving and validation
  22. 25. Repeal of Madras Act XLIII of 1949
  23. SCHEDULE I. Part A-Applicable to a licensee not being a local authority
  24. SCHEDULE II. Depreciation rates

PDF: pending for this language.