The NDIAN ELECTRICITY (ASSAM AMENDMENT) ACT, 1973
Assam · state statute
Open in Lexace · Ask the AI about this act.. ASSAM ACT IX OF 1973 (Receive 'd the assent of the President on the 25th April 1973) THE INDIAN BLECT 1UCITY (ASSAM AMENDMEN T) ACT, 1973 [Publ ished in the Assam Gazette, Extraordina ry, dat ed the 26th April, 1973] An Act to a;mend the Indian Electricity Act. 1910 in its application to the territory Cl>lllprised within t he State of Assam Preamble Wher eaw it is expedient to amend the Indi an Ceniral Act Electricity Act, 1910 her einafter call ed the pr ir1cipal 9 of 1910· Act, in its application to the terr itory comp rised Short title extent and commence ment. Amendm : nt of section 5. sec.ion within the Stat e of Assam in the m anner herein- aft er app ea ring ; It is hereby enact ed in the Twenty-four ih Year of the Republic of India, as follows :- 1. (I) This Act may be called th e Indian Elec tricity (As>am Amendment) Act, 19 '3. (2) It shall exten d tv th e Stal e of As 0 am. (3) It shall be deem ed to hav e com r into force on the 27th day o f Sept embe ··. 1972. 2. In section 5 of the pr incipal Act, in sub f2)- (i) for the words ' ·th e purcha1e pJic e of the und ertaking", the words "an amount" 1hall be substituted ; (ii) the words , brackets, figur e and punctua tion marks "or as the ca ~ e may b", sub-s ection (3) cf that section" shall be dele ted . 292 Amendment 3. In section 6 of the principal Act, in sub· of section 6. iection (7) ,- Substitution of section 7-A. (i) for the words "the purchas e pr ice", the words "an amount" shalJ be sub stituted ; (ii) for the words, brackets and figure "sub section ( 4) ", the words. brackets, figures and punctuation ma1k "sub-s ections (1) (2) and (3)" ahall be substituted. 4. For section 7-A of the princip al Act, the following section shall be substitut ed , namely- ''Determi-nation of 7-A. (1) Where an undertaking of a licenseeis amount pay- sold under sub-section (I) of section 5 or purchased able. under section 6, the amoun t payab le for the under taking shall be the book value of the und ertaking at the time of purchase 0r where the under taking has been delivered before the purchase und er sub section (3) of sectio:a 5, at the time of .Jelivery of the undertaking. · (2) The book value of an und er taking for the purpose of sub-section (1) shall be deemed to be the depreciated book value as shown in the audited balance sheet of the licensee under the law for the time being in force, of all land s, buildings, works, materials and plant of the licensee, suitable to and used by him for the purpose of the under taking, other than (i) a generating station declared by the licensee not to form part of the undertaking for the purpose of purchase and (ii) servic e lines or other capital works or any . part thereof which have been constructed at the experise of the con sumers, but without any addition in r espect of com pulsory purchase or of goodwill or any profits which may be or might have been made from the under taking or of any similar consider ation. (3) Notwithstanding anything contained in any licence or any instrument, order, agreement or law for the time being in force in respect of any addi tional sum by whatevf'r name may it be called, payable to a licensee for compuls ory purchas e, the licensf'e shall be entitled only to a solatium Gf ten perc entum of the book value as determ ined under sub·sections (1) and (2) for compulso ty purehase of his undertaking under section 6. (4) No provision of any Act for the time being in force including the 01her provisions of this Act 293 and of any rules made thereunder or of any instru ment including licence having effect by virtue of any of such Acts or any rul e made thereunder, shall, in so far as it is inconsist ent with any of the provisions of thia aection, have any effect." ~T!,::14 .5~ (I) The Indian Electricity (Assam Amendme nt}[Allsaa Otdi• Ordinance, 1972. Is her eby repealed. aa.e• Vil (2) Notwithstanding such repeal and notwithstan ding any judgem ent, decree or order of any court or tribunal, any action taken or purpor ted to have been taken or anything done or purport ed to have been done, or any right , obligation or liability acquired or incurred, by or on behalf of the Government •f 1911. of Assam or the Assam State Electricity Board, A~sii~di in pursuance of the provisions of the Indian Ele- nanc~ "VII ctricity (Assam Amendment) Ordin ance, 1972, shall of 1972. be deemed to have been taken, done, acquired or incurred under the corr esponding provisions of thi1 Act, by or on behalf of the Government of A1~am or the Assam State Electricity Board, a.1th• a:asc- may be. -.. ' ...
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