Section 2, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B-7P5]
As at 7 September 2026. In force from 23 August 1951.
2. Definitions.—In this Act, unless the context otherwise requires,— (a) "procuring entity" means a Ministry or Department of the Central Government or a body owned or controlled by the Central Government; (b) "bidder" means any person participating in a procurement process; (c) "procurement" means the acquisition by purchase, lease, licence or otherwise of goods, works or services; (d) "Consolidated Fund" means the Consolidated Fund of India referred to in article 266 of the Constitution; (e) "financial year" means the year commencing on the 1st day of April; (f) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (g) "prescribed" means prescribed by rules made under this Act.
Defined terms in this text (5)
bidder: Section 2, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B7P5] (In this Act, unless the context otherwise requires,—): "bidder" means any person participating in a procurement process
bidder: 18 more definitions.
Consolidated Fund: Section 2, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B7P5] (In this Act, unless the context otherwise requires,—): "Consolidated Fund" means the Consolidated Fund of India referred to in article 266 of the Constitution
Consolidated Fund: 12 more definitions.
financial year: Section 2, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B7P5] (In this Act, unless the context otherwise requires,—): "financial year" means the year commencing on the 1st day of April
financial year: Section 3, General Clauses Act, 1897 [S100SN] (In this Act, and in all Central Acts and Regulations made after the commencement of this Act, unless there is anything repugnant in the subject or context): (21) "financial year" shall mean the year commencing on the first day of April; (22) a thing shall be deemed to be done in "good faith" where it is in fact done honesty, whether it is done negligently or not;
financial year: 21 more definitions.
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.
procuring entity: Section 2, Finance Commission (Miscellaneous Provisions) Act, 1951 [S1B7P5] (In this Act, unless the context otherwise requires,—): "procuring entity" means a Ministry or Department of the Central Government or a body owned or controlled by the Central Government
procuring entity: 16 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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