Generating Company - Law Dictionary Search Results
Home Dictionary Name: generating companyGenerating company
Generating company, means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station. [Electricity Act, 2003 (36 of 2003), s. 2(28)]...
Utility
Utility, means any person or entity engaged in the generation, transmission, sale, distribution or supply, as the case maybe, of energy. [Electricity Regulatory Commissions Act, 1998 (14 of 1998), s. 2 (l)]Means the electric lines or electrical plant, and includes all lands, buildings, works and materials attached thereto belonging to any person acting as a generating company or licensee under the provisions of this Act. [Electricity Act, 2003 (36 of 2003), s. 2(75)]Means equipment or material used in providing such a service or commodity, Ware v. Public Serv. Co., 412 A. 2d 84 (1980).Means the electric lines or electrical plant, and includes all lands, buildings words and materials attached thereto belonging to any person acting as a generating company or license under the provisions of the Act, Electricity Act, 2003, s. 2(75); A.P. Gas Power Corporation Ltd. v. A.P. Electricity Regulatory Commission, AIR 2006 AP 13....
Buyer
Buyer [fr. bycgan, bohte, A. S.; bygge, O. E.; to purchase for money] a purchaser. See CAVEAT EMPTOR.Means a person who buys or agrees to buy goods. [Sale of Goods Act, 1930 (3 of 1930), s. 2 (1)]Means whoever buys any goods or receives any services from a supplier for consideration. [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2 (c)]--'Buyer' would mean where a person by virtue of the payment gets a right to receive specific goods and not where he is merely allowed/permitted to carry on business in that trade, Union of India v. Om Prakash S. S. and Co., AIR 2001 SC 1202: (2001) 3 SCC 593. [Income-tax Act (43 of 1961), s. 206(c)] Means any generating company or licensee or consumer whose system receives electricity from the system of generating company or licensee, Central Electricity Authority (Installation and Operation of Meters) Regulations, 2006, Reg. 2(h).Means whoever buys any goods or receives any services from a ...
Electricity system
Electricity system, 'electricity system' means a sys-tem under the control of a generating company or licensee, as the case may be, having one or more:-(a) generating stations; or(b) transmission lines; or(c) electric lines and sub-stations,and when used in the context of a State or the Union, the entire electricity system within the territories thereof. [Electricity Act, 2003 (36 of 2003), s. 2(25)]...
generation-skipping transfer
generation-skipping transfer : a transfer of property or of an interest in property that is to a person of a generation more than one generation below that of the transferor and that can be characterized as a taxable termination, a taxable distribution, or a direct skip see also direct skip generation-skipping trust at trust, skip person, taxable distribution, taxable termination NOTE: A transfer from a grandparent to a grandchild qualifies as a generation-skipping transfer, as does a transfer of a life estate to a child with a remainder in the grandchild. Such transfers are subject to a generation-skipping transfer tax. ...
Generating station
Generating station, 'generating station' or 'station' means any station for generating electricity, including any building and plant with step-up transformer, switch-gear, switch yard, cables or other appurtenant equipment, if any, used for that purpose and the site thereof; a site intended to be used for a generating station, and any building used for housing the operating staff of a generating station, and where electricity is generated by water-power, includes pen stocks, head and tail works, main and regulating reservoirs, dams and other hydraulic works, but does not in any case include any sub-station. [Electricity Act, 2003 (36 of 2003), s. 2(28)]...
Licensee
Licensee, a person to whom a licence has been granted.Clause (h) of s. 2 of the Electricity Act, 1910 defines a 'Licensee' to mean any person licensed under Part II to supply energy, State of Uttar Pradesh v. Hindustan Aluminium Corpn., AIR 1979 SC 1459: (1979) 3 SCR 709: (1979) 3 SCC 229. Electricity Act, 1910, s. 2 (A).A licensee is one who is in occupation under a subsisting agreement for licence. The agreement for licence must be subsisting on the date on which he claims to be a licensee, Ludhichem Agencies v. Ahmed R. V. Peer Mohamed, AIR 1981 SC 1998: (1982) 1 SCR 712: (1981) 4 SCC 273.It means a person licensed under Part II of the Indian Electricity Act, 1910 to supply energy or a person who has obtained sanction under section 28 of that Act to engage in the business of supplying energy (but does not include the Board or a Generating company). [Electricity Regulatory Commissions Act, 1998 (14 of 1998), s. 2 (l)]Means any person licensed under sub-s. (1) of s. 4 of the Indian Te...
Company
Company [fr. compagnia, Ital., which word is still printed on Bank of England notes as 'compa'], a body of persons associated for purposes of busi-ness, sometimes, but not now so frequently as some years ago, styled a Joint Stock Company.A company has its origin either (1) in a charter, as the Bank of England and many insurance companies; or (2) in a special Act of Parliament, with which, as authorizing an undertaking of a public nature such as a railway, the Companies Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 16), is necessarily incorporated; or (3) in registration under the Companies Acts, 1862 and subsequent Acts, now consolidated into the (English) Companies Act, 1925 (19 & 20 Geo. 5, c. 23).By s. 13 of the Act of 1925 (1) on the registration of the memorandum of a company the registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited. (2) From the date of incorporation mentioned in the certificat...
generation-skipping transfer tax
generation-skipping transfer tax : a transfer tax on a generation-skipping transfer called also generation-skipping tax ...
Induction generator
A machine built as an induction motor and driven above synchronous speed thus acting as an alternating current generator called also asynchronous generator Below synchronism the machine takes in electrical energy and acts as an induction motor at synchronism the power component of current becomes zero and changes sign so that above synchronism the machine driven for this purpose by mechanical power gives out electrical energy as a generator...
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