The Telangana Electricity Supply Undertakings (Acquisition) Act, 1954
The Telangana Electricity Supply Undertakings (Acquisition) Act, 1954
This Act empowers the Government of Telangana to take over electricity supply undertakings owned by licensees. It applies to all such undertakings, including those already taken over, and provides a legal framework for the government to declare that an undertaking vests in them. The law specifies the process for issuing orders, setting vesting dates, and determining compensation payable to the licensees for the assets and liabilities transferred. By regulating this acquisition process, the Act ensures the state can control essential electricity infrastructure while providing financial compensation to the private entities involved, ensuring a smooth transition of power.
- 1. Short title, extent and commencement.
- 2. Definition and interpretation.
- 3. Application of Act.
- 4. Power of Government to take over any undertaking.
- 5. Compensation payable to a licensee.
- 6. Vesting of the undertaking or assets
- 7. Appointment of a sole representative
- 8. Choice of basis of compensation
- 9. Effect of transactions bonafide.
- 10. Deductions from the compensation.
- 11. Manner of payment or deposit of compensation.
- 12. Repayment of debentures, loans, etc.
- 15. Provisions for existing staff of licensees.
- 16. Inventory of assets and information in regard to documents maintained by the licensee
- 17. Power of entry
- 18. Penalties
- 19. Offences by Corporation
- 20. Protection of action taken under the Act
- 21. Power to make rules
- 22. Effect of other laws
- 23. Power to remove difficulties
- 24. Saving and validation
- 25. Section 25
- 13(1). Arbitration.
- 14(1). Termination of Managing agency.
- SCHEDULE II. Depreciation calculation for compensation
PDF: pending for this language.