Keyword(s):
Account Year, Annual Account, Electricity Act, Electricity Supply Act, Fixed
Assets, Licensee, Undertaking Taken Over, Vesting Date, Works
An Act to provide for the acquisition of undertakings
in the 3[State of Tamil Nado] supyIyirkg electricity.
4[Wm~sit is expedient to provide for the acquisition
of undertakings other than those belonging to and under
the control of the State Electricity Board constituted
under section 5 of the Electricity (Snpply) Act, 15-3
(Central Act LIV of 1948), in the 3[State of Tanv; Nadu]
engaged in the business of supplying electricity to the
public ;
1Tkse words were substituted for the word Madras” by the
Tamil Nadu Adaptation of Laws Order, 1969, as amended by the
Tamil Nactu Adaptation of Laws (Second Amendment) Order, 1969.
aFor Statement of Objects and Reasons, see Fort St. George
Gazette,Extraordinary, dated the 3rd May 1954,Part JV-A, page 89, \
This Act was extended to the added territories by section 3 of,
and the First Schedule to, the Tamil Nadu (Added Territories)
Ext~nsianof Laws Act, 1962 (Tamil Nadu Act 14 of 1962),repealing
the corresponding law in force in those territories.
This Act was extended to the Ksnyakumari district and the Shen-
catt-thtaluk of the Tirur-relvelidistrict by section 3 of, and the First
Schedule to, the Tamil Nadu (Transferred Territory) Extension of
LawsAct, 1965 (Tamil Nadu Act 22 of 1965), reflealingthe corres-
ponding law in force in that territory.
This Act shall cease to apply to any undertnking as dcfined in
section 3 (12) of the Tamil Nadu Private Electricity Supply Under-
takings (Acquisitiori) Act, 1973 (Tamil Nadu Act 30 of 1973) which
ha9 not vested with and taken possession of by tltc Government
under the provisions of the 1954 Act before the commencement
of Tamil Nadu Act 30 of 1973 by virtue of section 23 (1) of the said
1973Act.
8Thit: expression was substituted for the exrression State of
Madras” by the Tamil Nadu Adaptation af Lan7sOrder, 1969, as
amended by the Tamil Nadu Adaptation of Laws (Second Amend.
ment) Order, 1969.
4 This preamble was substituted for the original preable
by section 2 of the Tamil ‘Pu’adu Electricity Undertakings (Acquisi-
tian) Amendment Act, 1937(Tamil Nadu Act \II of 19571, deemed
.
to have came into farce anthe 13th October 1954.
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JVV
B
Undertakhgs (Acquisition).
i
k
I
t
BE it enacted in the Fifth Year of the Republic of India
as follows :-I.
Short title, 1. ‘J(1) This Act may be called the ?[Tamil Nadul
extentand Electrmty Supply Undertakings (Acquisition) Act, 1954.
i
1
Pi
~mmencement,
(2) It extends to the whole of tllc 3[St;ite of Tamil
Nadu].
(3) It shall colllc ;.ntu ibrce at oi~ce.
Definitions 2. (1) 111 this Acl, un!css the contcxi o~llcr\i.screquires-
I
*
f
f.
and inter-
pretation.
(a) ‘:act-o~mt yt,ar ” ineails the licensee’s financial
year ;
(6) “accredited rcpresentativc ” ineans the re*
presentative appoio~edor tieeined to llave been appointed
under sectiolz 7 ;
(c) “annual irccount ” means the accollnt of the
undertaking rcndcrcd to the Government annually
under and in accordance with the Electricity Act, or where
I no such accoui~tshas to be rendcrcd under that Act,
the accollnt of the u;ldertaking norlnally made up for
the account ycar of the undertaking and audited by a
certified auditor;
4[(~~)” Board ” means the Tamil Nadu Electricity
Board constituted undtr scction 5 of the Electricity Supply
Act ;]
(d) “doculncut ” in relation to an. undertaking,
iilcludes its books, uc~ouiirs,registers, ~lzapsand plans ;.
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