Title : Provision Relating to Income-tax and Super-tax
State : Central
Year : 1948
(1) For the purposes of the Indian Income-tax Act, 1922 (11 of 1922), the Board shall be deemed to he a company within the meaning of that Act and shall be liable to income-tax and super-tax accordingly on its income, profits and gains. (2) The State Government shall not be entitled to any refund of any such taxes paid by the Board. View Complete Act List Judgments citing this sectionTitle : Power to Make Regulations
State : Central
Year : 1948
1 [The Board may by notification in the Official Gazette, make regulations] not inconsistent with this Act and the rules made thereunder to provide for all or any of the following matters, namely: - (a) the administration of the funds and other property of the Board, and the maintenance of its accounts; (b) the summoning and holding of meetings of the Board, the times and places at which such meetings shall he held, the conduct of business thereat and the number of members necessary to constitute a quorum; (c) the duties of 2 [officers and other employees] of the Board, and their salaries, allowances and other conditions of service; (d) all matters necessary or expedient for regulating the operations of the Board under section 20; (e) the making of advances to licensees by the..... View Complete Act List Judgments citing this sectionTitle : Inter-State agreement to extend Board's jurisdiction to another State
State : Central
Year : 1948
(1) Subject to the provisions of this section, the Government of any State may, after it has issued a notification under sub-section (4) of section 1, in lieu of constituting a Board under section 5 enter into an agreement with the Government of a contiguous State to provide that the Board constituted for the latter State shall exercise the functions of a Board under this Act in the former State. (2) Subject to such modifications (being of a character not affecting the general operation of the agreement) of the terms of the agreement as may from time to time be agreed upon by the State Government concerned, an agreement entered into under this section shall be for a period of not less than twenty-five years but may be determined earlier by mutual consent. (3) An agreement under this..... View Complete Act List Judgments citing this sectionTitle : Appointment of Staff
State : Central
Year : 1948
The Board may appoint a Secretary and such other officers and1[employees] as may be required to enable the Board to carry out its functions under this Act: 2[Provided that the appointment of the Secretary shall be subject to the approval of the Slate Government.] _________________________ 1. Substituted by Act 23 of 1978, Section 5, for "servants" w.e.f. 3-6-1978. 2. Inserted by Act 101 of 1956, Section 7 w.e.f. 30-12-1956. View Complete Act List Judgments citing this sectionTitle : Duties of Generating Company
State : Central
Year : 1948
1[18A. Duties of Generating Company (1) Subject to the provisions of this Act, a Generating Company shall he charged with the following duties, namely: - (a) to establish, operate and maintain such generating stations and tie-lines, substations and main transmission lines connected therewith, as may be required to be established by the2[competent government or governments] in relation to the Generating Company; (b) to operate and maintain in the most efficient and economical manner the generating stations, tie-lines, sub-stations and main transmission lines, assigned to it by the2[competent government or governments] in co-ordination with the Board or Boards, as the case may be, and the Government or agency having control over the power system, if any, connected therewith;..... View Complete Act List Judgments citing this sectionTitle : Powers of Board in Relation to Water-power
State : Central
Year : 1948
1 [The Board or a Generating Company may], withthe previous approval of the State Government, take such measures as 2 [in the opinionof the Board or theGenerating Company, as the case may be,] are calculated to advance thedevelopment of water-power in the State, and may organise and carry out powerand hydrometric survey work and cause to be made such maps, plans, sections andestimates as are necessary for any of the said purposes 3 [and insuch manner as the Authority may, from time to time, specify]: Provided that where any such measures relate to a source ofwater-power already operated upon by a licensee under a licence, the Boardshall give the licensee notice of such measure and an opportunity to be heardon any representations he may desire to make in that behalf and may..... View Complete Act List Judgments citing this sectionTitle : Controlled Stations
State : Central
Year : 1948
1 [(1)] Where a generating station situate within an area for which ascheme is in force has been designated in the scheme as a controlled station,the relations between the Boardand the licensee owning the station shall, subject to any arrangements agreedunder section 47,be regulated by the provisions of the First Schedule. 2 [(2) Notwithstanding anything contained in this Act or any scheme madethereunder, no generating station owned by a Generating Company shall bedesignated as a controlled station.] ___________________________ 1. Section 34 re-numbered as sub-section(1) thereof by Act 115 of 1976, Section 20 w.r.e.f. 8-10-1976. 2. Inserted by Act 115 of 1976, Section20 w.r.e.f. 8-10-1976. View Complete Act List Judgments citing this sectionTitle : Purchase of Generating Stations or Undertakings or Main Transmission Lines by the Board
State : Central
Year : 1948
(1) Where under the First or Third Schedule any generating station or undertaking is to be purchased by the Board, or where a sanctioned scheme provides for the purchase by the Board of a main transmission line belonging to any licensee, (a) the generating station or undertaking from such date of purchase as may be fixed under the appropriate Schedule, or the main transmission line from such date of purchase as the Board shall, by notice in writing given not less than one month before the said date, intimate to the licensee, shall vest in the Board free, save as provided in sub-section (2), from any debt, mortgage, lien or other similar obligation of the licensee or attaching to the station or undertaking or line, as the case may be, and any such debt, mortgage, lien or obligation..... View Complete Act List Judgments citing this sectionTitle : Power to Direct Amortization and Tariffs Policies of Licensees Being Local Authorities
State : Central
Year : 1948
The Board or where no Board is constituted under this Act, the State Government shall have power to direct the amortization and tariffs policies of any licensee, being a local authority, with respect to his licensed undertaking in such manner as the Board or the State Government, as the case may be, after giving the local authority a reasonable opportunity of being heard, considers expedient for the purposes of the Act; and the licensee, being a local authority, the provisions of any other law or of any rules made or directions given thereunder notwithstanding, shall give effect to any such directions of the Board or the State Government, as the case may be: 1[Provided that the Board shall not issue any directions under this section except after obtaining the prior approval of the..... View Complete Act List Judgments citing this sectionTitle : Restriction on Unbudgeted Expenditure
State : Central
Year : 1948
(1) Save where in the opinion of the Board circumstances of extreme urgency have arisen, no sum exceeding1[seventy-five thousand] rupees on account of recurring expenditure or exceeding2[three lakhs] of rupees on account of non-recurring expenditure shall be expended by the Board in any year of account unless such sum has been included in a statement submitted under sub-section (1) or sub-section (5) of section 61. (2) Where any such sum is expended under circumstances of extreme urgency3[, it shall be expended in accordance with the regulations made by the Board with the previous approval of the State Government and] a report thereon indicating the source from which it is proposed to meet the expenditure shall be made as soon as practicable to the State Government. ..... View Complete Act List Judgments citing this section