(1) The trading licensee shall furnish to the Commission without undue delay such information, documents and details related to the licensed business or any other business of the trading licensee, as the Commission may require for its own purposes or for the purposes of the Government of India, the State Government, the State Transmission Utility, the State Load Despatch Centre, the Central Commission and/or the Central Electricity Authority.
(2) The trading licensee shall duly maintain the information as the Commission may direct under section 128 of the Act.
(3) The trading licensee shall duly inform the Commission about any incident restricting it from meeting its obligation under the licence granted including any act of omission or commission by others and steps taken by the trading licensee to mitigate the effect of such incident .The trading licensee shall notify the Commission as soon as possible the occurrence of any other incident which materially affects any part of its trading activities and, in any event by not later than two months from the date of such occurrence, - 6 Compendium of HPERC Regulations, March 2021
(a) submit a report to the Commission giving full details of the facts within the knowledge of the trading licensee regarding the incident and its cause;
(b) trading licensee can reasonably furnish and state reasons as to why trading licensee requires more than two months for giving full report of such incident; and
(c) give copies of the report to all parties concerned with the major incident and to such other persons as the Commission may direct.
(4) The trading licensee shall also undertake such studies as the Commission may direct it to undertake from time to time in regard to the trading activities and any other matter concerning the trading business that the Commission considers necessary in the public interest. Alternatively, the Commission may, on its own, initiate and undertake such studies through consultants at the cost and expense of the transmission licensee which shall be allowed as pass through in its Aggregate Revenue Requirement (ARR).
(5) The Commission may at any time require the trading licensee to comply with the provisions of this regulation in a manner the Commission may direct and the trading licensee shall be obliged to comply with the same.
(6) The trading licensee shall submit a business plan within three months of trading licence coming in force for such period as the Commission may direct and shall update such plan annually. The business plan shall contain year-wise turnover projected profit and loss account, projected balance sheets, projected cash flow statements and projected important financial parameters.