103. Establishment of Fund by State Government.–(1) There shall be constituted a Fund to be called the State Electricity Regulatory Commission fund and there shall be credited thereto– (a) any grants and loans made to the State Commission by the State Government under section 102; (b) all fees received by the State Commission under this Act; (c) all sums received by the State Commission from such other sources as may be decided upon by the State Government. 53 (2) The Fund shall be applied for meeting– (a) the salary, allowances and other remuneration of Chairperson, Members, Secretary, officers and other employees of the State Commission; (b) the expenses of the State Commission in discharge of its functions under section 86; (c) the expenses on objects and for purposes authorised by this Act. (3) The State Government may, in consultation with the Comptroller and Auditor-General of India, prescribe the manner of applying the Fund for meeting the expenses specified in clause (b) or clause (c) of sub-section (2).
Source footnotes
Document extract. Section boundaries were matched to the arrangement of sections in the official source. Original formatting and footnote placement can differ; check the linked document.
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 104Accounts and audit of State Commission. →All sections / सभी धाराएँElectricity Act, 2003 →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · National Electricity Policy and Plan.Section 4 · National policy on stand alone systems for rural areas and non-conventional energy systems.Section 5 · National policy on electrification and local distribution in rural areas.Section 6 · Joint responsibility of State Government and Central Government in rural electrification.Section 7 · Generating company and requirement for setting up of generating station.Section 8 · Hydro-electric generation.India Code, Government of India. Text fetched 10 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.