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22. Security
and agreement :
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The
Board may require any consumer to enter int o a formal contract
in the form prescribed by the board and further to deposit
security in cash for payment for energy supply and "Provided
further that if any time during the currency, the monthly
average amount of the preceding SIX months energy bill reduce
by at least 20% or more, the Board may consider to adjust
in the subsequent bills the amount of the security deposit
which may have become surplus considering the amount of the
security deposit required under the prescribed scale. The
adjustment of the excess security deposit as above shall however
be in installments, the amount of which shall not exceed 30%
of the average monthly bill."
If any consumer terminate his
agreement within the period of the agreement (or where no
formal agreement is tendered, if the supply is discontinued
within the period which would have been applicable if an agreement
had been tendered) he shall be liable to pay the minimum charge
for each month short of the period specified in the agreement.
If at any time during the continuance of this agreement the
consumer shall:
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Being
a limited company pass a resolution for winding up or
be ordered to be wound up by a Court of competent Jurisdiction
and being an individual or individuals commit any act
of insolvency or be adjudged insolvent.
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| b) |
Execute or create any mortgage charge or other encumbrance
on any property or asset of the Consumer so as to prejudicially
affect the supplier's electric meters, plant, apparatus
and equipment at the Consumer's premises or any part
thereof or any right exercisable by the Supplier in
connection with said electric meters, plant, apparatus
and equipment.
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| c) |
Commit
any breach of or fail to observe and perform any of
the conditions and provisions contained in this agreement
and on his part to be observed and performed, the supplier
shall be at liberty to terminate this Agreement by giving seven day's notice
to the consumer and upon such termination, the consumer
shall forthwith pay to Supplier at the office of the
Chief Engineer or as may be otherwise required all the
moneys the dueand payable underthis Agreement together
with afurthersum equal to the amount of the minimum
guarantee for the unexpired minimum period of supply
as and by way of liquidated damages.
The Board shall be at
liberty at any time to apply and security so deposited
towards payments or satisfaction of any money which
shall become due or owing by the consumer. The Board
shall also be at liberty to demand enchanced security
deposit from the consumer at any time during the life
of the contract. The consumer may at any time with the
previous consent of the Board transfer the contract
and its liabilities to any other person approved by
the Board.
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*The Board would allow
interest on deposit of Rs. 50/- or more at the rate equal
to the Post Office Saving Bank in force from time to time.
No interest will be allowed on refundable deposits lodged
against the cost of service line as the account is only of
temporary nature.
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Note
: The existing deposists
will also be converted into cash deposists at the time they
are due for renewal.
*Modified
Vide B.R. No. 986 Dt. 18-9-91
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