Petroleum Products Pricing Regulatory Agency (Establishment, etc.) Act

Arrangement of Sections

1. Establishment of Petroleum Products Pricing Regulatory Agency

2. meeting, when a vote is ordered, to have a second or casting vote), the Board may make stand-

3. The quorum at a meeting of the Board shall consist of the Chairman or, in an appropriate

4. case, the person presiding at the meeting pursuant to paragraph 2 of this Schedule, and ten

5. given.

6. Committees

7. Miscellaneous

8. Board to act for that purpose.

9. act for that purpose.

10. sealed on behalf of the Agency shall be received in evidence and shall, unless the contrary is

11. Board or Committee.

12. entered into or proposed to be considered by the Committee shall forthwith disclose his inter-

PART II

Functions and Powers of the Agency

7. Functions of the Agency.

PART III

Staff of/he Agency

Executive Secretary of the Agency.

Other employees of the Agency.

PART IV

Financial Provisions

Fund of the Agency.

Expenditure of the Agency.

12. Annual estimates and accounts.

13. Annual reports

14. Power to Accept gifts

15. Power to borrow

16. Investment

17. Exemption from tax

PART V

Legal Proceeding

Limitation of suits against the Agency, etc.

Service of documents.

SECTION

Restriction on execution against property of the Agency.

Indemnity of officers.

Secrecy.

Directives by the President, etc.

Regulations.

Interpretation.

Short title.

SCHEDULES

FIRST SCHEDULE

Supplementary Provisions relating 10 the Board, etc.

SECOND SCHEDULE

Programmes for Implementation

An Act to establish the Petroleum Products Pricing Regulatory Agency; and for re-

lated matters.

[2003 No. 8]

[27 /h May, 2003]

[Commencement. J

PART I

Establishment and Governing Board of the Petroleum Products

Pricing Regulatory Agency

1. Establishment of Petroleum Products Pricing Regulatory Agency

Regulatory Agency (in this Act referred to as “the Agency”).

be subject to the direction, control or supervision of any other authority in the perform-