law: Electricity Act, 2003
  76. Constitution of
  
  Central Commission.-
  1.     
  
    There
  
  shall be a Commission to be known as the Central Electricity Regulatory
  
  Commission to exercise the powers conferred on, and discharge the functions
  
  assigned to, it under this Act.
  2.     
  
    The
  
  Central Electricity Regulatory Commission, established under section 3 of the
  
  Electricity Regulatory Commissions Act, 1998 and functioning as such
  
  immediately before the appointed date, shall be deemed to be the Central
  
  Commission for the purposes of this Act and the Chairperson, Members,
  
  Secretary, and other officers and employees thereof shall be deemed to have
  
  been appointed under this Act and they shall continue to hold office on the
  
  same terms and conditions on which they were appointed under the Electricity
  
  Regulatory Commissions Act, 1998:
  Provided
  
  that  
  
    the
  
  chairperson and other Members of the Central Commission appointed, before the
  
  commencement of this Act, under the Electricity Regulatory Commissions Act,
  
  1998, may, on the recommendations of the Selection Committee constituted under
  
  sub-section (1) of section 78, be allowed to opt for the terms and conditions
  
  under this Act by the Central Government.
  1.     
  
  
  2.     
  
  
  3.     
  
    The
  
  Central Commission shall be a body corporate by the name aforesaid, having
  
  perpetual succession and a common seal with power to acquire, hold and dispose
  
  of property, both movable and immovable, and to contract and shall, by the said
  
  name, sue or be sued.
  4.     
  
    The
  
  head office of the Central Commission shall be at such place as the Central
  
  Government may, by notification, specify.
  5.     
  
    The
  
  Central Commission shall consist of the following Members, namely:--
  a.      a Chairperson and
  
  three other Members;
  b.     the Chairperson of
  
  the Authority who shall be the Member, ex officio.
  1.     
  
  
  2.     
  
  
  3.     
  
  
  4.     
  
  
  5.     
  
  
  6.     
  
    The
  
  Chairperson and Members of the Central Commission shall be appointed by the
  
  Central Government on the recommendation of the Selection Committee referred to
  
  in section 78.