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Section 29: Conditions of licence

The Himachal Pradesh Electricity Regulatory Commission (Conduct of Business) Regulations, 2005State Regulations of Himachal Pradesh · 2003

(1) The general conditions subject to which each of the categories of licence shall be issued are contained in the Himachal Pradesh Electricity Regulatory Commission (General Conditions of Distribution Licence) Regulations, 2004; or in the Himachal Pradesh Electricity Regulatory Commission (General Conditions of Transmission Licence) Regulations, 2004 or in the Himachal Pradesh Electricity Regulatory Commission (General Conditions of Trading Licence) Regulations, 2004 and the application for licence shall incorporate the acceptance of such general conditions.

(2) The Commission may decide on the special conditions subject to which licence shall be issued to the applicant.

(3) Any person applying for licence to undertake trading in electricity in the State of Himachal Pradesh shall duly fulfill the conditions of technical requirement, capital adequacy requirement and credit worthiness and further shall agree to discharge such duties as may be specified by the Commission under section 52 of the Act.

(4) Any person intending to apply for licence shall duly comply with the conditions and requirements laid down by the Commission.

Where this provision sits

ActThe Himachal Pradesh Electricity Regulatory Commission (Conduct of Business) Regulations, 2005
Section29
Marginal noteConditions of licence
JurisdictionState of Himachal Pradesh
StatusIn force as published by the source

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