Contracts to cease to have effect unless ratified by Government.

Infrastructure198018 sections5 chapters

Chapter V MISCELLANEOUS

Statutory text

(1) Every contract entered into by the undertaking for any service, sale or supply and in force immediately before the appointed day shall, on and from the expiry of one hundred and eighty days from such date cease to have effect unless such contract is, before the expiry of the period, ratified, in writing, by the Government and in ratifying such contract the Government may, make such aIterations or modifications therein as it may think fit : Provided that the Government shall not omit to ratify a contract, and shall not make any alteration or modification in a contract, unless it is satisfied that such contract is unduly onerous or has been entered into in bad faith or is detrimental to the interests of the undertaking.
(2) The Government shall not omit to ratify a contract, and, shall not make any alteration or modification therein, except after giving to the parties to the contract a reasonable opportunity of being heard and except after recording in writing its reasons for refusal to ratify the contract or for making any alteration or modification therein.

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