Karnataka Electricity Reform Act, 1999 Schedule I - Bare Act

Act Info:

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SCHEDULE

[Subsection (7) of section 8]

THE KARNATAKA REGULATORY COMMISSION

PART I

I. Annual Financial Statement

(1) In December of each year the Commission shall submit to the State Government a statement of its estimated expenditure for the ensuing financial year.

(2) The Commission may, at any time during the year in respect of which a statement under sub-paragraph (1) has been submitted, submit to the State Government a supplementary statement and all the provisions of this section shall apply to such statement as they apply to the statement under the said sub-section.

II. Accounts and Audit

(1) The Commission shall cause proper accounts and other records in relation thereto to be kept, including a proper system of internal check and shall prepare an annual statement of accounts, in such form as may be prescribed in consultation with the Accountant General, Karnataka.

(2) The accounts of the Commission shall be audited by the Comptroller and Auditor General of India (hereinafter referred to as auditor) in accordance with the provisions of the Comptroller and Auditor Generals (Duties, Powers and Conditions of Service) Act, 1971 and any expenditure incurred by him in connection with such audit shall be payable by the State Government.

(3) The Auditor in connection with the audit of the accounts of the Commission shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers of the Commission.

(4) The accounts of the Commission as certified by the Auditor together with the audit report thereon shall be forwarded to the State Government within six months of the close of the financial year to which the accounts audit report relates and the Commission shall cause the said accounts of the Commission to be published and make available copies thereof on sale at a reasonable price. The audit report shall contain full details of any discrepancies or irregularities in the accounts of the Commission. At the same time, the Commission shall publish an annual statement of its activities in relation to the functions carried out by it under this Act during the year to which the said accounts relate and make available copies thereof on sale at a reasonable price.

(5) The State Government shall cause the accounts of the Commission together with the audit report and the annual statement of activities thereof forwarded to it under sub-paragraph (4) to be laid annually before the State Legislature.

SCHEDULE

PART II

General

III. Remuneration,

(1) As an expense of the Commission, there shall be paid to the Chairman and the members of the Commission such remuneration, such travelling and other expenses and allowances, as the State Government may determine:

Provided that the remuneration determined by the State Government for the Chairman and members of the Commission shall not be less than the remuneration paid to the Judge of the Karnataka High Court.

(2) The State Government may cause to be paid as an expense of the Commission, to or in respect of any person holding the office of Chairman or a member of the Commission, such pension, allowance or gratuity or such contributions or payments towards provision of such a pension, allowance or gratuity.

IV. Official Seal

The Commission shall have an official seal for the authentication of documents required for the purposes of its functions.

V. Performance of Functions

Anything authorised or required by or under this Act or any other enactment to be done by the Commission may be done by any member of the Staff of the Commission who is authorised generally or specially in that behalf by the Commission.

(The above translation of the d}rd {XkK |p %, 1999 (1999p d}rd % fX : 25) was published in the official Gazette (Extraordinary) Part IV-2B dated 28-9-1999 as No. 1196 under clause (3) of Article 348 of the Constitution of India.)

NOTIFICATION

No. DE 61 PSR 2001, Bangalore, Dated: 9th November 2001

In exercise of the powers conferred by sub-section (2) of Section 1 of the Karnataka Electricity Reform (Amendment) Act, 2001 (Karnataka Act 26 of 2001), the Government of Karnataka hereby appoints the Tenth day of November 2001 to be the date on which the said Act shall come into force.

By Order and in the name of the Governor of Karnataka,

B.K. SRINIVASA RAO

Under Secretary to Government.

Energy Department.

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