Short title, extent and commencement

(1) This Act may be called the Tamil Nadu Electricity Supply Undertakings (Acquisition) Act, 1954. (2) It extends to the whole of the State of Tamil Nadu. (3) It shall come into force at once. (e) " Electricity Act" means the Indian Electricity Act, 1910 (Central Act IX of 1910) ; (f) " E1ec:tricity Supply Acr " means ,the Electricity (Supply) Act, 1948 (Central Act LIV of 1948) ; (g) " fixed assets " includes works, spare parts9 stores, tools, motor and other vehicles, office equipment and furniture ; (h) " Government " means the State Government ; (i) " intangible assets " means any amount paid on account of goodwill, under-writers' commission and such preliminary and promotional expenditure shown as a debit'in the capital account of the undertaking, as has fairly arisen in promoting electricity supply ; (j) " licensee " means a person licensed under Part I1 of the Electricity Act to supply t:lectrical energy, or a person who has obtained sanction under section 28 of that Act to engage in the business of supplying electricity and, in relation to an undertaking taken over or an undertaking which has ve3ted in the Government under section 4, the person who was the licensee at the time the undertaking was taken over or vested in the Government, as the case may be, or his successor-in-interest ; (k) " prescribed " means prescribed by rules made under this Act ; (I) "Undertaking taken over" means an undertaking taken over by the Government after the 1st January 1951 and before the commencement of this Act ; (m) " vesting date " means, ir relation to . an undertaking, the date fixed ut~der ~ection 4, sub-section (1) as the date on which the undertaking shall vest in the Government or in the case of an undertaking taken over, the date on which it was taken over ; (n) " works " includes electric supply lir-0 and any lands, buildings, machinery or apparatus, required to supply energy and to carry into effect the objects of a licence or sanction for the supply of electricity, granted under the Electricity Act ; (0) other expressions shall have the meanings re P spectively assigned to them in the Electricity Act or the rule8 thereunder.