State Act

13

Section 13. Determination of amount

THE UTTAR PRADESH RAJYA VIDYUT UTPADAN NIGAM LTD. (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1992

Act no. 12 of 19921992In forceUttarakhand (State Act)

13- (1) The Commissioner shall, so far as may be within six months from the date of notification under section 12, determine the amount payable by the State Government to the Nigam for acquisition of the Undertaking. (2) In determining such amount, the Commissioner shall take into consideration the value of all assets and properties, pertaining to the Under taking as have vested in the State Government under section 3, and such other matters as may be relevant for the purpose. (3) The amount so determined shall be intimated by the Commissioner to the State Government, whereupon the State Government shall, after deducting the amount owed to it by the Nigam (except the contribution to share capital of the Nigam) make the balance amount available to the Nigam.