Where the Government are of opinion that
any licensee has on or after the 1st January, 1971,
disposed of any fixed asset whether by way of sale,
exchange, gift, lease or otherwise, or incurred any
expenditure, liability or obligation otherwise than
in the normal course of events, with a view to
benefit unduly the licensee or some other person
and thereby caused loss to the Government as succee-
ding owners of the undertaking, the Government
shall be entitled to deduct from the amount payable
to the licensee under this Act, an amount which
they consider to be the loss
sustained by them:
Section 8 • THE TINSUKIA AND DIBRUGARH ELECTRIC SUPPLY UNDERTAKINGS (ACQUISITION) ACT, 1973
Section 8. Klect traminctions net benafide
tinsukia-and-dibrugarh-electric-supply-undertakings-acquisition-act-1973-sec-8.json
•
Section 8
{
"act_title": "THE TINSUKIA AND DIBRUGARH ELECTRIC SUPPLY UNDERTAKINGS (ACQUISITION) ACT, 1973",
"act_slug": "tinsukia-and-dibrugarh-electric-supply-undertakings-acquisition-act-1973",
"section_label": "Section",
"section": {
"number": "8",
"title": "Section 8. Klect traminctions net benafide",
"chapter": null,
"content": "Where the Government are of opinion that\nany licensee has on or after the 1st January, 1971,\ndisposed of any fixed asset whether by way of sale,\nexchange, gift, lease or otherwise, or incurred any\nexpenditure, liability or obligation otherwise than\nin the normal course of events, with a view to\nbenefit unduly the licensee or some other person\nand thereby caused loss to the Government as succee-\nding owners of the undertaking, the Government\nshall be entitled to deduct from the amount payable\nto the licensee under this Act, an amount which\nthey consider to be the loss\nsustained by them:",
"footnote": "",
"is_definition": false,
"sort_order": 530
},
"prev_section": "7",
"next_section": "8"
}