Chapter IV Licensing of Transmission and Supply
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The Gujarat Electricity Industry (Reorganisation and Regulation) Act, 2003 places “Licensing of Transmission and Supply of Electricity” in Chapter IV. Therefore option A, Chapter-4, is correct.

For this Gujarat Act, remember Chapter IV = licensing.
Do not substitute the chapter structure of the central Electricity Act, 2003 for the Gujarat state Act asked here.
For this Gujarat Act, remember Chapter IV = licensing.