Section 20, Damodar Valley Corporation Act, 1948 [S19-97F]
As at 6 September 2026. In force from 7 May 1949 by S.O. 790(E) [N11-GMM].
20. Grant of licence.—(1) An application for a licence to undertake the storage of petroleum shall be made to the Central Commission in Form I, accompanied by a fee of one lakh rupees. (2) The Central Commission may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Central Commission may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (2)
licensee: Section 2, Damodar Valley Corporation Act, 1948 [S198NA] (In this Act, unless the context otherwise requires,—): "licensee" means a person who has been granted a licence under section 14 of the Electricity Act, 2003 (36 of 2003)
licensee: 17 more definitions.
petroleum: Section 2, Damodar Valley Corporation Act, 1948 [S198NA] (In this Act, unless the context otherwise requires,—): "petroleum" means any liquid hydro-carbon or mixture of hydro-carbons and any inflammable mixture (liquid, viscous or solid) containing any liquid hydro-carbon
petroleum: 10 more definitions.
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