LawgistThe Oil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act
2Definitions
In this Act, unless the context otherwise requires,--
(a) "appointed day" means such date as the Central Government may, by notification in the Official Gazette, appoint under section 3;
(b) "Corporation" means the Oil and Natural Gas Corporation Limited, a company registered under the Companies Act, 1956 (1 of 1956);
(c) "Commission" means the Oil and Natural Gas Commission established under sub-section (1) of section 3 of the Oil and Natural Gas Commission Act, 1959 (43 of 1959);
(d) "prescribed" means prescribed by rules made under this Act.
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All sections
- 1 Short title and commencement
- 2 Definitions
- 3 Undertaking of Commission to vest in Corporation
- 4 General effect of vesting of undertaking in Corporation
- 5 Licences, etc., to be deemed to have been granted to Corporation
- 6 Tax exemption or benefit to continue to have effect
- 7 Guarantee to be operative
- 8 Provisions in respect of officers and other employees of Commission
- 9 Power of entry
- 10 Power to make rules
- 11 Repeal of Act 48 of 1959
- 12 Repeal and saving
