 the oil and natural gas commission (amendment) bill, 1962(as introduced in lox sabra on 30m august, 1962) , ~ aft,liament wbrmly 5  __ datt-•• ~ llj~~ - the on and natural gas com,mission  (amendment) bill, 1962  (as introduced in lok sabha)a  billto amend the oil and natural gas commission act, 1959 be it enacted by parliament in the thirteenth year of the republic of india as follows:-1 this act may be called the oil and natural gas commission short title (amendment) act, 1962 43 of 19';9 5 2 in section 1 of the oil and natural gas commission act, 1959 amendment (hereinafter referred to as the principal act), in sub-section (2), the of section r words ", except the state of jammu and kashmir" shall be omitted 3 in section 14 of the principal act, after clause (g), the following amel1~ment clause shall be inserted, namely: _ of section 14· 10 "(gg) to promote and form companies in compliance with 1 of 1956 the requirements of the companies act, 1956 for any of the purposes aforesaid;" 4 in section 15 of the principal act,-amendment  of sectio:l (a) in clause (a), for the words "rupees two thousand a r; month or more", in boto the places where they occur, the words "more than rupees two thousand two hundred and fifty" shall be substituted; (b) 'in clause ('b), fer the words "exceeding thirty lakhici of rupees", the words "exceeding fifty lakhs of rupees" shall be substituted 20 5 in section 21 of the principal art, in clause (b) of the proviso to ame:"!mem  ofectlon sub-sectlon (3), the words "or seven and a half lakhs of rupee" 21, whichever is less," shall be omitted  statement of objects and reasonsin the light of the experience gained in the working of the oil and natural gas commission act, 1959, it has become necessary to enhance the powers of the oil and natural gas commission as has been done in the case of other big public undertakings so that the commission may function more effectively with speed and efficiency required for their increasing activity accordingly it is proposed to give powers to the commission to promote and form companies in accordance with the companies act, 1956, and to create without the previous approval of the central government posts carrying the salary or honorarium of not more than rs 2,250 per month it is also proposed to enhance the commission's powers in relation to reappropriation the bill is designed to give effect to these proposals new dl:lhi; k; d malaviya the 24th august, 1962      chapter i preliminary1 (1) this act mav be clllled the oil and natural gas commis!',on short title, - extent and act, 1959 commencement (2) it extends to the whole of india, except the state of jamil1u and kashmir   -  15 the commission may exercise all such powers as may be powers of necessary or expedient for the purpose of carrying out its functions ~iss~~~­under this act: prcvided that before exercising its powers in respect of the following matters, it shall obtain the previous approwl of the central government, namely:-(a) the creation of any post the salary or honorarium of which would be rupees two thousand a month or more or would be on a scale the maximum of which is rupees two thousand a month or more, and the appointiil;ent of any person to any such post; (b) the implementation of any scheme or proposal which will involve a capital expenditure exceeding thirty lakhs of rupees: budget -  -   21 - - -  (3) the commission may sanction any re-appropriation from one head of expenditure to another or from a provision made for one scheme to that for another: provided that, except with the previous approval of the central government-- - - - (b) no re;appropribtion which has the effect of augmenting the provision under \lny head of expenditure as approved by the central government by more than twenty per cent or seven and a half lakhs of rupees, whichever is less, shall be made  - - - - a bill to amend the oil and natural gas cominission act, 1959 (shri keshava dej)a ma/aviya, mllifster of mines 81 fuel) 