Section 9. Regulatory compliance and tariff filings

(1) The State Government shall, twice in a year, evaluate the status of compliance by the State Distribution Licensees with the Electricity Act and rules and regulations made thereunder as also regulatory directives and policies as well as steps taken to rectify instances of non-compliances since the last such evaluation. 10 (2) The State Government shall ensure regular and timely filing of true-up petitions, aggregate revenue requirement and tariff petitions, and petitions for adjustments on account of fuel and cost of power purchased by the State Distribution Licensees, as per the orders or regulations specified by the State Commission. (3)The State Government shall ensure that the State Distribution Licensees shall take necessary steps to liquidate the regulatory assets within a period of five years from the date of their existence or within such period stipulated, if any, by the State Commission whichever is earlier