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CHAPTER
III
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(3) An agreement under this section may-
(a) make such financial arrangements between
the participating State Governments as may be necessary
for the purposes of the agreement;
(b) provide for consultation between the
participating State governments either generally or with
reference to particular matters arising under this Act;
(c) generally make such incidental supplementary
or ancillary provisions, not inconsistent with this Act,
as may be deemed necessary or expedient for giving effect
to the agreement.
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(7) Where an agreement is entered into under section 6,
the participating State Governments shall, by notification
in the Official Gazettes, declare a date on which the agreement
shall come into force, and on and after that date-
(a) the Board constituted for the one State shall have all
the powers and duties of a Board under this Act in respect
of both States as if they constitute a single State.
1[b] reference in this Act to-
(i) the State,
(ii) the State Electricity Consultative Council, and
(iii) the State Legislature, shall, unless the context otherwise
requires, be construed as references respectively to-
(A) both States,
(B) where more than one State Electricity
Consultative Council has been constituted under section
16,to all such Councils, and
(C) the Legislatures of both States;]
(c)
the provisions of section 60 in relation to the assumption
by the Board of the rights and liabilities of the State
government arising before the first constitution of the
Board shall apply to the assumption by the Board of the
rights and liabilities of the Government of the State to
which the exercise of its functions under this Act is extended
under the agreement, as if in that section for the words
“before the first constitution of the Board” there were
substituted the words and figure “before the date on which
the agreement, under section 6 came into force”.
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Effect of inter-state agreement.
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2[8. The Chairman and other members of the Board shall hold
office for such period, and shall be eligible for re-appointment
under such conditions, as may be prescribed.]
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Term of office and conditions for re-appointment of members
of the Board.
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9. (1) A member of the Board shall, prior
to his appointment, give to the State Government intimation
of, and shall, before taking charge of his office, sell
or divest himself of, any interest which he may have for
his own benefit whether in his own name or otherwise, in
any firm or company carrying on the business of supplying
electricity or any fuel for the generation of electricity,
or of the manufacture, sale or hire of machinery, plant,
equipment, apparatus or fittings for the generation, transmission,
distribution or use of electricity, or any interest in the
managing agency or shares or securities of any such company;
and it shall not be lawful for a member of the Board, so
long as he holds office to acquire or purchase any such
interest in any such firm or company and if he, under
any will or by succession or gift becomes entitled for his
own benefit to any such interest, he shall sell the same
within three months after be coming so entitled thereto;
and he shall also, within three months, sever any connection
he may have and cease to have any interest, direct or indirect,
in any such concern.
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Members
not to hold interest in certain concerns. |
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1
Subs. By Act 30 of 1966, s.3, for cl(b).
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Subs. By Act of 1949, s. 5, for s. 8. |
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