Oriental Gas Company Act, 1960

No: 15 Dated: Oct, 01 1960

THE ORIENTAL GAS COMPANY ACT, 1960

West Bengal Act XV of 1960

    An Act to provide for the taking over for a limited period of the management and control, and the subsequent acquisition, of the undertaking of the Oriental Gas Company Limited.

    Whereas it is expedient to provide for increasing the production of gas and improving the quality thereof for supply to industrial undertakings, hospitals and other welfare institutions, to local authorities for street lighting and to the public in general for domestic consumption and for that purpose to provide for the taking over for a limited period of the management and control, and the subsequent acquisition, of the undertaking of the Oriental Gas Company Limited and for certain other matters incidental and ancillary thereto;

    It is hereby enacted as follows:-

1. Short title and commencement. - (1) This Act may be called the Oriental Gas Company Act, 1960.

(2) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint.

2. Definitions. - In this Act, unless the context otherwise requires,-

(1) "Calcutta" means the area described in Schedule I to the Calcutta Municipal Act, 1951, as amended by notification under section 594 of that Act together with such other area or areas as may, from time to time, be specified by the State Government by notification in the Official Gazette;

(2) "Company" means the Oriental Gas Company Limited referred to in Act V of 1857;

(3) "undertaking of the Company" means the properties of the Company, movable or immovable, other than cash balances and reserved funds but including works, workshops, plants, machineries, posts, pipes, pipe-lines, appliances, apparatus, accessories, furniture, equipments and stores, and lands appertaining thereto, actually in use immediately before the commencement of this Act, or intended to be used, in connection with the production of gas or supply thereof in Calcutta and its environs;

(4) "year" means a financial year.

3. Taking over of the management and control of the undertaking of the Company. - The State Government may, by notification in the Official Gazette (a copy of which shall be served on the Company), take over for a period of five years with effect from such date as may be specified in the notification (hereinafter referred to as the appointed day), not being earlier than seven days from the date of publication of the notification in the Official Gazette, the management and control of the undertaking of the Company for the purposes, and in accordance with the. provisions, of this Act.