Section 11 in The Central Electricity Regulatory Commission (Procedure, Terms and Conditions for Grant of Trading Licence and other Related Matters) Regulations, 2009
11. Prudential Reporting
- The licensee shall, as soon as possible, report to the Commission-(a)any significant change in the circumstances which may affect his ability to meet the obligations under the Act, the Rules and the Regulations directives and orders issued by the Commission, the Grid Code, agreement or the licence;(b)any material breach of the provisions of the Act, the Rules and the Regulations, directives and orders issued by the Commission, the Grid Code, agreement or the licence; and(c)any major change in its shareholding pattern, ownership or management.
