Title : THE OIL AND NATURAL GAS COMMISSION ACT, 1959
Year : 1959
(1) Subject, to the provisions of this Act, the functions of the Commission shall generally be to plan, promote, organise and implement programmes for the development of petroleum resources and the production and sale of petroleum and petroleum products produced by it and to perform such functions as the Central Government may, from time to time, assign to the Commission.
(2) In particular and without prejudice to the generality of the foregoing provision, the Commission may take such steps as it thinks fit-
(a) For the carrying out of geological and geophysical surveys for exploration of petroleum;
(d) To undertake, assist or encourage and promote the production to prove and estimate the reserves of petroleum;
(c) To undertake encourage and promote such other activities as may lead to the establishment of such reserves;
(d) To undertake, assist or encourage and promote the production of petroleum from such reserves and its refining;
(e) For the transport and disposal of natural gas and refinery gases produced by the Commission ;
Provided that no industry, which will use any of these gases as a raw materials shall be set up by the Commission without the previous approval of the Central Government;
(f) To undertake, encourage and, promote geological, chemical and other scientific investigations whether in or outside the laboratory ;
(g) To undertake, assist or encourage the collection, maintenance and publication of statistics, bulletins and monographs;
1*[(gg) To promoto and from companies in compliance with the requirements of the Companies Act, 1956 for any of the purposes aforesaid;]
(h) To perform any other function which is supplemental, incidental or consequential to any of the functions aforesaid or which may be prescribed.
1*The Commission may exercise all such powers as may be necessary or expedient for the purpose of carrying out its functions under this Act :
2*[Provided that before exercising its powers in respect of the following matters, it shall obtain the previous approval of the Central Government, namely:-
(a) The creation of any post, the salary or honorarium of which would either be more than such amount as may be prescribed, or where no such amount has been prescribed, more than rupees two thousand seven hundred and fifty or be on a scale the maximum of which exceeds such amount as may be prescribed or where no such amount has been prescribed, exceeds rupees two thousand seven hundred and fifty, and the appointment of 3*[any person other than the person referred to in clause (aa) ] to any such post ;
4*[(aa) The employment, whether by fresh appointment, re- employment, extension of service or otherwise, of any person who has attained the age of fifty-eight years to a post, where the pay (including pension and pensionary equivalent of retirement benefits) of the post exceeds 2,500 rupees per mensem or where the minimum of the pay scale of the post, proposed to be given to such person is 2,500 rupees or more per mensem;]
(b) The implementation of any scheme or proposal which will involve a capital expenditure exceeding such amount as may be prescribed, or where no such amount has been prescribed, exceeding fifty lakhs of rupees;
(c) The disposal of any property, right or privilege the original or book value of which exceeds such amount as may be prescribed, or where no such amount has been prescribed, exceeds ten lakhs of rupees.]
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