LawgistThe Oil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act
5Licences, etc., to be deemed to have been granted to Corporation
With effect from the appointed day, all licences, leases, concessions, permits, quotas, benefits, privileges and exemptions granted to the Commission in connection with the affairs of the Commission under any law for the time being in force, shall be deemed to have been granted to the Corporation.
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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
