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CentralAct 65 of 1993

The Oil and Natural Gas Commission (Transfer of Undertaking and Repeal) Act, 1993

An Act to provide for the transfer and vesting of the undertaking of the Oil and Natural Gas Commission to and in the Oil and Natural Gas Corporation Limited, a company incorporated under the Companies Act, 1956, and for matters connected therewith or incidental thereto and also to repeal the Oil and Natural Gas Commission Act, 1959.

Sections

12 in this Act

  1. 1Short title and commencement
  2. 2Definitions
  3. 3Undertaking of Commission to vest in Corporation
  4. 4General effect of vesting of undertaking in Corporation
  5. 5Licences, etc., to be deemed to have been granted to Corporation
  6. 6Tax exemption or benefit to continue to have effect
  7. 7Guarantee to be operative
  8. 8Provisions in respect of officers and other employees of Commission
  9. 9Power of entry
  10. 10Power to make rules
  11. 11Repeal of Act 48 of 1959
  12. 12Repeal and saving