The Oil and Natural Gas Commission Act, 1959

Extract

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The Oil and Natural Gas Commission Act, 1959

THE OIL AND NATURAL GAS COMMISSION ACT, 1959 ACT NO. 43 OF 1959

[18th September, 1959.]

An Act to provide for the establishment of a Commission for the development of petroleum resources and the production and sale of petroleum and petroleum products produced by it and for matters connected therewith.

BE it enacted by Parliament in the Tenth Year of the Republic of India as follows:-

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PRELIMINARY

CHAPTER I

PRELIMINARY

1.

Short title extent and commencement.

1. Short title extent and commencement. (1)This Act may be called the Oil and Natural Gas Commission Act, 1959.

(2) It extends to the whole of India 1 * * * *.

(3) It shall come into force on such date2 as the Central Government may, by notification in the Official Gazette, appoint.

2 Definitions.

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

(a) "Chairman" means the chairman of the Commission (b) "Commission" means the Oil and Natural Gas Commission established under section 3 ;

(c) "existing Organisation" means the body set up in pursuance of the resolution of the Government of India, No. 22/29/55-ONG, dated the 14th August, 1956 ;

(d) "Fund" means the fund referred to in section 19 (e) "member" means a member of the Commission and includes the chairman;

(F) "petroleum" has the same meaning as in the Petroleum Act, 1934, and includes natural gas; (30 of 1934).

(g) "prescribed" means prescribed by rules made under this Act.

[See footnote 1 for this section]

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THE OIL AND NATURAL GAS COMMISSION

CHAPTER II

THE OIL AND NATURAL GAS COMMISSION

3.

Es...

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