Section 14: Restrictions on licensees

14. Restrictions on licensees (1) A licensee shall not, without the prior approval of the Authority— (a) acquire by purchase or otherwise, or affiliate with, the undertaking of any other licensee or merge or consolidate its undertaking with that of any other licensee; (b) assign, transfer or sell all or any part of the undertaking; (c) associate himself for the purposes of a joint venture or enter into any similar arrangement with regard to the provision of any electricity service; or (d) by transfer or otherwise, divest himself of any powers, rights or obligations conferred or imposed on him by this Act, a regulation made under this Act, any other enactment, or by any licence relevant to or for the purposes of carrying out any activity under this Act. (2) Notwithstanding subsection (1) (b) and without prejudice to its powers, the Authority may allow a licensee to sell or transfer any property which is redundant or is no longer necessary to the undertaking. (3) An act done in contravention of subsection (1) shall, notwithstanding anything to the contrary, be void ab initio and the Authority may suspend the licence on any terms it deems fit, or revoke the licence.