to provide for the establishment of the Petroleum Regulatory Board to regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum and petroleum products excluding production of crude oil and natural gas so as to, protect the interests of consumers and entities engaged in specified activities relating to petroleum and petroleum products, ensure uninterrupted and adequate supply of petroleum and petroleum products in all parts of the country, promote competitive markets and for matters connected therewith or incidental thereto .
BE it enacted by Parliament in the Fifty-third Year of the Republic of India as follows :
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| CLAUSES |
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CHAPTER - I
PRELIMINARY |
| 1 |
Short title, extent and commencement. |
| 2 |
Definitions. |
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CHAPTER - II
PETROLEUM REGULATORY BOARD |
| 3 |
Establishment and incorporation of the Board. |
| 4 |
Qualifications for appointment of Chairperson and other Members. |
| 5 |
Term of office, conditions of service, etc., of Chairperson and other members. |
| 6 |
Powers of Chairperson. |
| 7 |
Removal of Chairperson or any other member from office. |
| 8 |
Meetings of the Board. |
| 9 |
Vacancies, etc., not to invalidate proceedings of the Board. |
| 10 |
Officers and other employees of the Board. |
| 11 |
Regional offices of the Board. |
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CHAPTER- III
FUNCTIONS AND POWERS OF THE BOARD |
| 12 |
Functions of the Board. |
| 13 |
Powers regarding complaints and resolution of disputes by the Board. |
| 14 |
Procedure of the Board. |
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CHAPTER- IV
AUTHORISATIONS |
| 15 |
Register of authorisation. |
| 16 |
Authorisation. |
| 17 |
Application for authorisation. |
| 18 |
Publicity of an applications. |
| 19 |
Grant of authorisation. |
| 20 |
Declaring, laying, building, etc. of common carrier. |
| 21 |
Right of first use, etc. |
| 22 |
Suspension or cancellation of authorisation. |
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CHAPTER- V
SETTLEMENT OF DISPUTES |
| 23 |
Board to settlement disputes. |
| 24 |
Filing of complaints. |
| 25 |
Power to investigate. |
| 26 |
Factors to be taken into account by the Board. |
| 27 |
Penalty for contravention of directions given by the Board. |
| 28 |
Appeals. |
| 29 |
Order passed under the act deemed to be decree. |
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CHAPTER- VI
FINANCE, ACCOUNTS AND AUDIT |
| 30 |
Grants by Central Government. |
| 31 |
Fund. |
| 32 |
Accounts and audit. |
| 33 |
Annual report and its laying before Parliament. |
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CHAPTER- VII
POWER OF CENTRAL GOVERNMENT |
| 34 |
Power of Central Government to issue directions. |
| 35 |
Taking over control and management of facilities and business premises of any entity and retail outlets in public interest. |
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CHAPTER- VIII
OFFENCES AND PUNISHMENT |
| 36 |
Punishment for contravention of directions of the Board. |
| 37 |
Punishment of unauthorised activities. |
| 38 |
Punishment for establishing or operating a liquefied natural gas terminal without authorisation. |
| 39 |
Punishment for laying, building, operating or expanding a common carrier without authorisation. |
| 40 |
Punishment for wilful damages to common carrier. |
| 41 |
Offences by Companies. |
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CHAPTER- IX
MISCELLANEOUS |
| 42 |
Maintenance of data bank and information. |
| 43 |
Obligations of entities. |
| 44 |
Furnishing of returns, etc., to Central Govt. |
| 45 |
Chairperson. members, etc., to be public servants. |
| 46 |
Protection of action taken in good faith. |
| 47 |
Civil courts not to have jurisdiction. |
| 48 |
Cognizance of certain offences. |
| 49 |
Delegation. |
| 50 |
Power of Central Government to make rules. |
| 51 |
Power of the Board to make Regulations. |
| 52 |
Rules and regulations to be laid before Parliament. |
| 53 |
Transitional arrangements. |
| 54 |
Power to remove difficulties. |
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STATEMENT OF OBJECTS AND REASONS |
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FINANCIAL MEMORANDUM |
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MEMORANDUM REGARDING DELEGATED LEGISLATION |
