Section 7, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [S2M-9G2]

As at 7 September 2026. In force from 25 January 2006 by No. 593/2006 [N13-0SM].

In Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [A12-70V]. This text from 25 January 2006. 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 7, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [S2M-9G2]. Machine: S2M-9G2.

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 Controller General of Accounts a return in Form GFR 19 within twenty-one days from the end of every financial year, and such other information as the Controller General of Accounts may, by order in writing, require.

Defined terms in this text (3)

bidder: Section 2, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [S2M9BH] (In this Act, unless the context otherwise requires,—): "bidder" means any person participating in a procurement process

bidder: 18 more definitions.

prescribed: Section 2, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [S2M9BH] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act

prescribed: 996 more definitions.

procurement: Section 2, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [S2M9BH] (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 40, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005 [S2M-AHC], 15 October 2005, Band A. "section 7".

Rule 6, Maharashtra Fiscal Responsibility and Budgetary Management Act Rules, 2008 [S2M-JWS], 26 April 2008, Band A. "sub-section (2) of section 7 of the Act".

Not held (0)

none

Duties published under this section (1)

D12-S6V. 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 Finance Department, Government of Maharashtra (synthetic record).