Section 27, Kerala Fiscal Responsibility Act, 2003 [S2M-2GB]
As at 7 September 2026. In force from 2 July 2003.
27. Grant of licence.—(1) An application for a licence to undertake participation in procurement shall be made to the Controller General of Accounts in Form GFR 19, accompanied by a fee of twenty-five lakh rupees. (2) The Controller General of Accounts may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Controller General of Accounts may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (2)
prescribed: Section 2, Kerala Fiscal Responsibility Act, 2003 [S2M1Q9] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
procurement: Section 2, Kerala Fiscal Responsibility Act, 2003 [S2M1Q9] (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 26, Kerala Fiscal Responsibility Act, 2003 [S2M-2FG], 2 July 2003, Band A. "section 27".
Section 2, Kerala Fiscal Responsibility (Amendment) Act, 2013 [S2N-2CY], 7 May 2013, Band A. "section 27 of the Kerala Fiscal Responsibility Act, 2003 (Kerala Act 17 of 2003)".
Not held (0)
none
Duties published under this section (0)
none