National Energy Board Act
Marginal note:Regulations respecting accounts, etc.
(a) respecting the manner in which the accounts of a company shall be kept;
(b) respecting the classes of property for which depreciation charges may properly be included under operating expenses in the accounts and the accounting method or methods that may be used in computing and charging depreciation in respect of each of the classes of property;
(c) respecting a uniform system of accounts applicable to any class of company; and
(i) companies that have been authorized under Part III to construct or operate a pipeline,
(ii) persons exporting oil, gas or electricity or importing oil or gas, and
(iii) persons holding a licence under Part VI or VII,
to keep and make available to the Board for inspection by the Board or a person authorized by the Board at a place of business in Canada such records, books of account and other documents in such form as may be prescribed by the regulations and submit to the Board, at such times and in such form as may be so prescribed, returns and information respecting capital, traffic, revenues, expenses and other matters so prescribed and deemed by the Board to be matters that should be considered by it in carrying out its powers and duties under this Act in relation to those companies and persons.
(1.1) The Board may, by order made on such terms and conditions as it considers appropriate, exempt a company or person from the application of a regulation made under subsection (1).
Marginal note:Contravention and punishment
(2) Every person who contravenes a regulation made under this section is guilty of an offence punishable on summary conviction.
- R.S., 1985, c. N-7, s. 129
- 1990, c. 7, s. 42
- 2004, c. 25, s. 164(F)
- Date modified: