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Section No. 17 : Licensee not to do certain things

Sub Section Details
1
No licensee shall, without prior approval of the Appropriate Commission, - (a) undertake any transaction to acquire by purchase or takeover or otherwise, the utility of any other licensee; or (b) merge his utility with the utility of any other licensee: Provided that nothing contained in this sub-section shall apply if the utility of the licensee is situate in a State other than the State in which the utility referred to in clause (a) or clause (b) is situate.
2
Every licensee shall, before obtaining the approval under sub-section (1), give not less than one months notice to every other licensee who transmits or distributes, electricity in the area of such licensee who applies for such approval.
3
No licensee shall at any time assign his licence or transfer his utility, or any part thereof, by sale, lease, exchange or otherwise without the prior approval of the Appropriate Commission.
4
Any agreement, relating to any transaction specified in sub-section (1) or sub-section (3), unless made with the prior approval of the Appropriate Commission, shall be void.