Title : Co-operation with Other Authorities to Minimise Inconvenience Caused by Submersion
State : Central
Year : 1948
The Corporation shall co-operate with the participating Governments, railway authorities and local authorities and bodies, with a view to minimising the inconvenience likely to be caused by the submersion of roads and communications and shall bear the cost of any realignment thereof or resettlement of any population rendered necessary by such submersion. View Complete Act List Judgments citing this sectionTitle : Allocation of Expenditure Chargeable to Project on Main Objects
State : Central
Year : 1948
The total capital expenditure chargeable to a project shall be allocated between the three main objects, namely, irrigation, power and flood control as follows, namely:-- (1) expenditure solely attributable to any of these objects, including a proportionate share of overhead and general charges, shall be charged to that object, and (2) expenditure common to two or more of the said objects, including a proportionate share of overhead and general charges, shall be allocated to each of such objects in proportion to the expenditure which, according to the estimates of the Corporation, would have been incurred in constructing a separate structure solely for that object, less any amount determined under clause (1) in respect of that object. View Complete Act List Judgments citing this sectionTitle : Provisions for Depreciation and Reserve and Other Funds
State : Central
Year : 1948
(1) The Corporation shall make provision for depreciation and for reserve and other funds at such rates and on such terms as may be specified by the Auditor-General of India in consultation with the Central Government. (2) The net profit for the purposes of section 37 shall be determined after such provision has been made. View Complete Act List Judgments citing this sectionTitle : Budget
State : Central
Year : 1948
(1) The Corporation, in consultation with the financial adviser, shall in October each year prepare in such form as may be prescribed a budget for the next financial year showing the estimated receipts and expenditure and the amounts which would be required from each of the three participating Governments` during that financial year. (2) Printed copies of the budget shall be made available to each of the three participating Governments by the 15th day of November each year. (3) The budget shall be laid before [Substituted by the A. O. 1950 for " the Central ".] [Parliament] and the State Legislatures concerned as soon as may be after it is prepared. View Complete Act List Judgments citing this sectionTitle : Other Annual Financial Statements
State : Central
Year : 1948
(1) The Corporation shall also prepare such other annual financial statements in such form and by such dates as may be prescribed. (2) Printed copies of each such annual financial statement shall be made available to each of the three participating Governments by such date as may be prescribed. View Complete Act List Judgments citing this sectionTitle : Accounts and Audit
State : Central
Year : 1948
The accounts of the Corporation shall be maintained and audited in such manner as may, in consultation with the Auditor- General of India, be prescribed. View Complete Act List Judgments citing this sectionTitle : Constitution of the Corporation
State : Central
Year : 1948
(1)The Corporation shall consist of a Chairman and two other members appointed by the Central Government after consultation with the State Governments. (2) A person shall be disqualified for being appointed, or for continuing as, a member of the Corporation-- (a) if he is a member of Substituted by the A. O. 1950 for " the Central ",] [Parliament] or any State Leislature; or (b) if he has, directly or indirectly, any interest in a subsisting contract made with, or in any work being done for, the Corporation except as a shareholder (other than a director) in an incorporated company provided that where he is a shareholder, he shall disclose to the Government the nature and extent of shares held by him in such Company. (3) No act or proceeding of the Corporation shall be invalid b..... View Complete Act List Judgments citing this sectionTitle : Effect on Existing Licences
State : Central
Year : 1948
(1) Where any licence granted under the Indian Electricity Act, 1910 (9 of 1910), becomes inoperative wholly or partly by virtue of the provisions of section 18, the licence shall be deemed to have been revoked or modified so as to be consistent with those provisions. (2) Where a licence is deemed to have been revoked under sub-section (1) the Corporation shall purchase the undertaking of the licencee, and where a licence is modified under that sub-section, the Corporation shall, at the option of the licensee, either purchase the undertaking or pay fair compensation to the licensee. (3) The purchase price or the amount of compensation payable by the Corporation under sub-section (2) shall be such as may be agreed to between the Corporation and the licensee or, in the event of..... View Complete Act List Judgments citing this sectionTitle : Functions and Duties of the Financial Adviser
State : Central
Year : 1948
The functions and duties of the financial adviser shall be such as may be prescribed. View Complete Act List Judgments citing this sectionTitle : General Powers of the Corporation
State : Central
Year : 1948
(1) The Corporation shall have the power to do anything which may be necessary or expedient for the purposes of carrying out its functions under this Act. (2) Without prejudice to the generality of the foregoing provision, such power shall include the power-- (i) to acquire and hold such movable and immovable property as it may deem necessary and to lease, sell or otherwise transfer any such property; (ii) to construct or cause to be constructed such dams, barrages, reservoirs, power houses, power structures, electrical transmission lines and sub-stations, navigation works, irrigation, navigation and drainage canals and such other works and structures as may be required ; (iii) to prevent pollution of any water under its control and to take all measures to prevent discharges..... View Complete Act List Judgments citing this section