17 Companies granted Inter-State Transmission Licenses.

As per the information provided by the Central Electricity Regulatory Commission (CERC), 17 companies have been granted inter-state transmission licences by the CERC during the period from November, 2003 to October, 2011.

As per Section 619 of the Companies Act, 1956, an auditor of a Government company shall be appointed by the Comptroller & Auditor General (CAG) and the auditor shall audit the accounts under the control and directions of CAG. The Government owned transmission licensees are required to get their audit done by an auditor appointed by the CAG. The transmission licensees regulated by CERC recover charges on the basis of the tariffs determined and the regulation specified by CERC.

The CERC does not appoint auditors to audit the accounts of the transmission companies.