Ministry of Power issues Clarification

Feb 22, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance The Ministry of Power on February 21, 2022 has issued Clarification regarding Electricity (Timely Recovery of Costs due to Change in Law) Rules, 2021.

The following has been stated namely: -

• The Rules have come into force and has not been given any retrospective operation.

• The change in law events occurred prior to the notification of these Rules shall be dealt in accordance with the prevalent dispensation/rule position at the time of occurrence of the event.

[Notification No. 23/18/2020-R&R]

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