Demerger recognition for power utilities when government notification and going concern asset transfer conditions are satisfied. A split up or reconstructed authority or body constituted under a Central, State or Provincial Act and engaged in generation, transmission or distribution of electrical power shall be deemed a demerger if (i) the split up or reconstruction is effected by notification in the Official Gazette by the Central or State Government, and (ii) assets are transferred to one or more resulting companies on a going concern basis.