Section 7, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1G-TXE]
As at 7 September 2026. In force from 29 November 1962 by S.O. 1216(E) [N11-QYW].
7. Maintenance of records and furnishing of returns.—(1) Every bidder shall maintain such records and registers relating to participation in procurement as may be prescribed and shall preserve them for a period of five years. (2) Every bidder shall furnish to the Comptroller and Auditor-General a return in Form GFR 19 within twenty-one days from the end of every financial year, and such other information as the Comptroller and Auditor-General may, by order in writing, require.
Defined terms in this text (2)
bidder: Section 2, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1GTR4] (In this Act, unless the context otherwise requires,—): "bidder" means any person participating in a procurement process
bidder: 18 more definitions.
procurement: Section 2, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1GTR4] (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)
none
Cited by (2)
Section 64, Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 [S1G-WP0], 15 November 1961, Band A. "section 7".
Rule 6, Voluntary Surrender of Salaries (Exemption from Taxation) Act Rules, 1964 [S1J-246], 23 March 1964, Band A. "sub-section (2) of section 7 of the Act".
Not held (0)
none
Duties published under this section (1)
D10-WS4. Every bidder: Maintain records and registers of the procurement of goods and services; preserve for five years; furnish the annual return in Form GFR; twenty-one days from the end of every financial year; Form GFR. Published by Department of Expenditure, Ministry of Finance (synthetic record).