Agreements and security deposits.

Infrastructure1968130 sections4 chapters

Statutory text

(1) Every contract shall be made on behalf of the Board by the 12[Secretary] , or any other person empowered by it in this behalf.
(2) The 13[Secretary] shall take sufficient security deposit for the due performance of the contract.
(3) Written agreements shall be executed for all contracts, the value of which exceeds five hundred rupees.

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