Section 12, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B-80N]
As at 7 September 2026. In force from 23 August 1951.
12. Prohibition of participation in procurement without licence.—No person shall undertake participation in procurement except under and in accordance with the conditions of a licence granted under section 13: Provided that nothing in this section shall apply to participation in procurement undertaken by or on behalf of the Central Government or a State Government.
Defined terms in this text (1)
procurement: Section 2, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B7P5] (In this Act, unless the context otherwise requires,—): "procurement" means the acquisition by purchase, lease, licence or otherwise of goods, works or services
procurement: 19 more definitions.
Made under this section, or naming it (0)
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Cited by (0)
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Not held (0)
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Duties published under this section (0)
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