Chhattisgarh State Electricity Regulatory Commission (Compliance Audit) Regulations, 2011

{
    "id": 16043,
    "slug": "chhattisgarh-state-electricity-regulatory-commission-compliance-audit-regulations-2011",
    "title": "Chhattisgarh State Electricity Regulatory Commission (Compliance Audit) Regulations, 2011",
    "short_title": "Chhattisgarh State Electricity Regulatory Commission (Compliance Audit) Regulations, 2011",
    "act_number": "Published vide Notification No. 37/CSERC/2011, dat",
    "act_year": 2011,
    "act_type": "STATE",
    "location": "Chhattisgarh",
    "law_status": "unknown",
    "enactment_date": null,
    "description": "Chhattisgarh State Electricity Regulatory Commission (Compliance Audit) Regulations, 2011",
    "preamble": "",
    "section_label": "Section",
    "sections": [
        {
            "number": "1",
            "title": "1. Short Title, Extent and Commencement.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 0
        },
        {
            "number": "2",
            "title": "2. Definitions and Interpretations.",
            "chapter": null,
            "content": "(a) 'Act' means the Electricity Act, 2003 (36 of 2003);\n(b) 'Regulated Entities' mean distribution licensees, generation companies, transmission licensees, Electricity Traders, and State Load Despatch Centres;",
            "footnote": "",
            "is_definition": true,
            "sort_order": 1
        },
        {
            "number": "3",
            "title": "3. Compliance Audits.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 2
        },
        {
            "number": "4",
            "title": "4. Requirements of Consultant/Auditor.",
            "chapter": null,
            "content": "(i) A consultant or an auditor engaged for a particular audit must not hold office or have a commercial or any other interest in the regulated entity for a period of Two (2) years preceding the engagement by the Commission.\n(ii) While conducing an audit, the consultant or auditor would be expected to do so honestly, fairly, professionally, independently objectively and exercise a standard of skill, care and diligence that would be reasonable to expect of a person who is skilled, and who has substantial experience, in the provision of services the same or as similar to those to be provided by the auditor.\n(iii) The selected consultant or auditor would be required to provide a written declaration to the Commission that he has no conflict of interest while performing the tasks and functions assigned to him under these regulations nor by its nature, may be in conflict with another assignment of the consultant or auditor.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 3
        },
        {
            "number": "5",
            "title": "5. Expenses.",
            "chapter": null,
            "content": "(ii) The regulated entity shall be permitted to claim the said expenses as follows -\n(a) Distribution licensees or transmission licensees may claim the said expenses as pass through in annual revenue requirement.\n(b) Generation companies may claim the said expenses while filing application for determination of tariff.\n(c) Electricity Traders may claim the said expenses as increase in trading margin with the approval of Commission.\n(d) State Load Despatch Centre may claim the said expenses as pass through in its annual budget approval.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 4
        },
        {
            "number": "6",
            "title": "6. Methodology.",
            "chapter": null,
            "content": "a. Data Requests - The primary method of obtaining data shall be through data requests to the concerned regulated entity. The data obtained through data requests could include financial and operational information, procedure manuals, organization charts, reports, email and voice mail records, and studies. The data may be obtained either electronically or as paper documents (depending upon the requirement).\nb. Site visits - The consultant/auditor shall conduct site visits to ensure accurate interpretation of the information provided by the concerned regulated entity. The consultant/auditor shall inter alia collect materials on site, observe processes, and offer an opportunity to conduct face to face interviews, as relevant to the audit.\nc. Interviews - The consultant/auditor may conduct interviews in person and over the phone.\nd. As the data are collected from the regulated entity under audit, the consultant/auditor shall compile and analyze the data. The consultant/auditor/group shall analyze information gathered from multiple sources, including earlier filings made before the Commission by such regulated entity, as well as from public records. Advance analysis may require the creation of complex spreadsheets and database, and the use of sampling to test for potential non-compliance of the Act, rules, regulations made thereunder, orders and directions issued by the Commission.\ne. Third party complaints - Areas of non-compliance may also be identified through third party complaints, for example, customer complaints.\n(a) a description of the reporting scope and methodology, which should include all matters specified in the terms of reference;\n(b) a description of the systems and procedures that have been established to comply with regulatory obligations, including the identification of relevant documentation and responsible positions.\n(c) a discussion of how compliance is managed, addressing generic compliance issued and any specific issues identified for that report;\n(d) details of any non-compliance identified and the actions being undertaken by the regulated entity to rectify them, and an assessment of the adequacy of the actions.\n(a) the term of reference have been complied with by the consultant/auditor/group in making findings and in preparing the report; and\n(b) the report reflects the professional opinion of the consultant auditor.\n7.",
            "footnote": "",
            "is_definition": false,
            "sort_order": 5
        },
        {
            "number": "8",
            "title": "8. Power to Remove Difficulties.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 6
        },
        {
            "number": "9",
            "title": "9. Power to Amend.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 7
        },
        {
            "number": "10",
            "title": "10. Orders and Practice Directions.",
            "chapter": null,
            "content": "",
            "footnote": "",
            "is_definition": false,
            "sort_order": 8
        }
    ],
    "metadata": {
        "Act ID": "Last Updated 10th October, 2019 [cg190]",
        "Act Number": "Published vide Notification No. 37/CSERC/2011, dated 1st June, 2011",
        "Enactment Date": "",
        "Act Year": "2011",
        "Short Title": "Chhattisgarh State Electricity Regulatory Commission (Compliance Audit) Regulations, 2011",
        "Type": "STATE",
        "Location": "Chhattisgarh"
    },
    "updated_at": "2026-09-29 21:55:19"
}