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Home Bare Acts Phrase: equitable assignment Sorted by: old Year: 1999 Page 1 of about 87 results (0.009 seconds)Sign-up to get more results
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Start Free TrialForeign Exchange Management Act, 1999 Chapter 1
Title: Preliminary
State: Central
Year: 1999
.....sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949); (h) "currency" includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letter of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank; (i) "currency notes" means and includes cash in the form of coins and bank notes; (j) "current account transaction" means a transaction other than a capital account transaction and without prejudice to the generality of the foregoing such transaction includes, - (i) payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business, (ii) payments due as interest on loans and as net income from investments, (iii) remittances for living expenses of parents, spouse and children residing abroad, and (iv) expenses in connection with foreign travel, education and medical care of parents, spouse and children; (k) "Director of Enforcement" means the Director of Enforcement appointed under sub-section (1) of section 36; (l) "export",.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Part III
Title: Proceedings, Powers and Functions of the Commission
State: Karnataka
Year: 1999
.....the powers of entry, search and seizure as may be exercised by an Inspector appointed for inspection under sections 240 and 240-A of the Companies Act, 1956 (Central Act 1 of 1956). (5) Notwithstanding anything contained in any other law for the time being in force, the Commission may, by a general or special order, call upon any person including the generating companies or the licensees to furnish to the Commission periodically or as and when required, any information concerning the activities carried on by such person relating to generation, transmission, distribution and supply or use of electricity, the connection between such person and any other person or undertaking including such other information relating to the organisation and the, business, cost of production and other requirements as may be prescribed, to enable the Commission to carry out its functions under this Act. (6) The Commission shall be entitled to exercise the above mentioned powers to call for information, details, books, accounts and other documents from any person and make inquiry for the purposes of providing the same to the Central Electricity Authority, the Central Electricity Regulatory.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Part XIII
Title: Miscellaneous
State: Karnataka
Year: 1999
.....regulation or order made thereunder. Section 52 - Bar of jurisdiction and saving of consumer actions (1) No order or proceeding made under this Act or rules or regulations framed under the Act shall be appeallable except as provided in the Act and no Civil Court including under the Arbitration and Conciliation Act, 1996 shall have jurisdiction in respect of any matter which the Commission or the Appellate Authority has jurisdiction under this Act . (2) Nothing in this Act shall in any way prejudice or affect the rights and privileges of the consumers under other laws including the Consumer Protection Act, 1986. Section 53 - Power to remove difficulties If any difficulty arises in giving effect to the provisions of this Act, the Government may, by order, not inconsistent with the provisions of this Act, remove the difficulties: Provided that no such order shall be made after the expiry of a period of two years from the appointed day. Section 54 - Proceedings before the Commission to be judicial proceedings All proceedings before the Commission shall be deemed to be judicial proceeding within the meaning of sections 193, 219 and 228 of the Indian Penal Code (45 of.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Section 25
Title: General Restriction on the Licensees
State: Karnataka
Year: 1999
.....licence or transfer his undertaking, or any part thereof, by sale, mortgage, lease, exchange or otherwise without the previous consent in writing of the Commission. (3) A holder of a supply or transmission licence may, unless expressly prohibited by the terms of its licence, enter into arrangements for the purchase of electricity from,- (a) the holder of a supply licence which permits the holder of such licence to supply energy to other licensees for distribution by them; and (b) any person or generating company with the consent of the Commission. (4) Any agreement relating to any transaction of the nature described in sub-sections (1), (2), or (3) unless made with, or subject to, such consent as aforesaid, shall be void.
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Section 19
Title: Grant of Licenses by the Commission
State: Karnataka
Year: 1999
.....or Central Electricity Regulatory Commission; (f) comply with the requirements of the Indian Electricity Act, 1910 and the Electricity (Supply) Act, 1948 or rules framed thereunder in so far they are applicable; (g) undertake such functions and obligations of the Board under the Indian Electricity Act, 1910 and Electricity (Supply) Act, 1948 as the Commission may specify by regulation; (h) obtain the approval of the Commission of such things that are required under the license conditions or for deviation from the same; (i) notify the Commission of any scheme that he is proposing to undertake including the schemes in terms of the provisions of the Electricity (Supply) Act, 1948; (j) purchase power in an economical manner and under a transparent power purchase procurement process; Explanation.--The contracts concluded by the State Government or the Board with generating companies and transmission companies prior to the date of commencement of the Act shall stand assigned to the KPTC in terms of section 14 and the KPTC may continue the purchase or transmission of power under such contracts for effecting bulk sales, distribution and supply to other licensees; (k) the.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Part VII
Title: Licensing of Transmission and Supply
State: Karnataka
Year: 1999
.....or rules framed thereunder in so far they are applicable; (g) undertake such functions and obligations of the Board under the Indian Electricity Act, 1910 and Electricity (Supply) Act, 1948 as the Commission may specify by regulation; (h) obtain the approval of the Commission of such things that are required under the license conditions or for deviation from the same; (i) notify the Commission of any scheme that he is proposing to undertake including the schemes in terms of the provisions of the Electricity (Supply) Act, 1948; (j) purchase power in an economical manner and under a transparent power purchase procurement process; Explanation.--The contracts concluded by the State Government or the Board with generating companies and transmission companies prior to the date of commencement of the Act shall stand assigned to the KPTC in terms of section 14 and the KPTC may continue the purchase or transmission of power under such contracts for effecting bulk sales, distribution and supply to other licensees; (k) the purchase of power from the KPTC to the extent necessary to enable the KPTC to perform its obligations under the contracts concluded by the State Government.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Section 14
Title: Reorganisation of the Karnataka Electricity Board
State: Karnataka
Year: 1999
.....office. Such of the functions, duties, rights and powers exercisable by the Board under the Indian Electricity Act, 1910 or Electricity (Supply) Act, 1948 or any rule framed thereunder as the State Government may by notification specify shall be exercisable by the KPTC or any generating company or companies, as the case may be, from the effective date of first transfer. (4) Notwithstanding anything in this section, where,- (a) the transfer scheme involves the transfer of any property or rights to any person or undertaking not wholly owned by the State Government, the scheme shall give effect to the transfer only for fair value to be paid by the transferee to the State Government; and (b) a transaction of any description is effected in pursuance of a transfer scheme, it shall be binding on all persons including third parties. (5) The State Government may, after consulting the KPTC, require the KPTC to draw up a transfer scheme to vest in a further licensee (the "transferee licensee"), any of the function including a distribution function, any property, interest in property, rights and liabilities which have been vested in the KPTC under this section and publish the.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Section 13
Title: Karnataka Power Transmission Corporation
State: Karnataka
Year: 1999
.....in this section and such other functions as may be assigned to it under the license to be granted to it by the Commission under this Act. (5) Upon the grant of license to the KPTC under chapter VII, the KPTC shall discharge such powers, duties and functions of the Board including those under the Indian Electricity Act, 1910 and the Electricity (Supply) Act, 1948 or the rules framed thereunder, as may be specified in the license and it shall be the obligation of the KPTC to undertake and duly discharge the powers, duties and functions so assigned. (6) Subject to sub-sections (1), (2) and (3) and subject to the overall supervision and control of the KPTC, a number of subsidiary or associated transmission 1 [xxx] companies may be established in the State and the Commission may grant licenses under the terms of this Act to such transmission 1 [xxx] companies, in consultation with KPTC. _______________________________ 1. Omitted by Act 26 of 2001 w.e.f 10.11.2001.
View Complete Act List Judgments citing this sectionKARNATAKA ELECTRICITY REFORM ACT, 1999 Part V
Title: REORGANISATION OF THE KARNATAKA ELECTRICITY BOARD AND THE TRANSFER OF BOARD'S FUNCTIONS, TRANSFER OF PROPERTIES, LIABILITIES ETC.
State: Karnataka
Year: 1999
.....14 and such transfers shall be effective in the same manner as in the case of transfers under section 14. Explanation.--For the purposes of this section and section 16, the term "personnel" shall mean all persons who, on the effective date of the transfer, are the employees of the Board or the KPTC, as the case may be. (2) Upon such transfer scheme, the personnel shall hold office or service under the KPTC or generating company or companies or the transferee company on terms and conditions that may be determined, in accordance with the transfer scheme: Provided that such terms and conditions on the transfer shall not in any way be less favourable than those which would have been applicable to them before the relevant transfer scheme and the continuity of service of the personnel shall be maintained: Provided further that any such scheme under sub-sections (1) and (2) shall be consistent with the tripartite agreements entered into between the State Government, Board or KPTC as the case may be and the employees. (3) Notwithstanding anything contained in the Industrial Disputes Act, 1947 or any other law as is applicable and except for the provisions made in this Act,.....
View Complete Act List Judgments citing this sectionKarnataka Electricity Reform Act, 1999 Section 11
Title: Functions of the Commission
State: Karnataka
Year: 1999
.....incidental or ancillary functions connected with the electricity sector. (2) The Commission shall always act in a manner consistent with the objectives and purposes for which the Commission has been established as an independent statutory body corporate and all acts, decisions and orders of the Commission shall be pursuant to achieving and shall seek to achieve such objectives and purposes. (3) Notwithstanding the provisions of section 52 of the Indian Electricity Act, 1910 (Central Act 9 of 1910) or the provisions of section 3 (1) (ii) and section 76 of the Electricity (Supply) Act, 1948, the Commission shall have the power to act as arbitrator or nominate arbitrator or arbitrators to adjudicate and settle disputes arising between licensees in accordance with the regulations and this shall be a condition in all licences granted under this Act .
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