Section 2, International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [S1F-709]

As at 7 September 2026. In force from 10 June 1959 by S.O. 2952(E) [N11-NTW].

In International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [A10-G1Z]. This text from 10 June 1959. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 2, International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [S1F-709]. Machine: S1F-709.

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) "notification" means a notification published in the Official Gazette, and the expression "notified" shall be construed accordingly; (f) "prescribed" means prescribed by rules made under this Act.

Defined terms in this text (4)

bidder: Section 2, International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [S1F709] (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, International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [S1F709] (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.

procurement: Section 2, International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [S1F709] (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, International Finance Corporation (Status, Immunities and Privileges) Act, 1958 [S1F709] (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)

none

Cited by (1)

Rule 2, International Finance Corporation (Status, Immunities and Privileges) Act Rules, 1961 [S1G-MVZ], 14 April 1961, Band A. " (2) Words and expressions used herein and not defined but defined in the Act shall have the meanings respectively assigned to them in the Act".

Not held (0)

none

Duties published under this section (0)

none