Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 23] [Entire Act]

State of Odisha - Subsection

Section 23(6) in The Orissa Electricity Reform Act, 1995

(6)A transfer scheme may :
(a)define the property interest in property, rights and liabilities to be allocated.
(i)by specifying or describing the property, rights and liabilities in question.
(ii)by referring to all the property, interest in property, rights and liabilities comprised in a specified part of the transferor's undertaking; or
(iii)partly in one way and partly in the other.
(b)provided that any rights or liabilities specified or described in the scheme shall be enforceable by or against the transferor or the transferee.
(c)impose on the licensee an obligation to enter into such written agreements with, or execute such other instruments in favour of, any other subsequent licensee as may be specified in the scheme; and
(d)make such supplemental, incidental and consequential provisions as the transferor licensee considers appropriate including provision specifying the order in which any transfer of transaction is to be regarded as taking effect.