(1) The trading licensee shall comply with the provisions of the Act, rules, regulations, orders and directions issued by the Commission from time to time and the provisions of all other applicable laws.
(2) The trading licensee shall act in accordance with this general conditions contained in these regulations except where the trading licensee is exempted from any provisions of these general conditions at the time of the grant of licence or otherwise specifically obtains the approval of the Commission for any deviation therefrom.
(3) The trading licensee shall duly comply with and undertake the activities consistent with the grid code, distribution code, supply regulations, conditions of supply and other codes and standards, orders and directions of the National Load Despatch Centre, the Regional Load Despatch Centre and the State Load Despatch Centre and other statutory authorities issued in the discharge of their functions under the Act.