Amendment status not verified — confirm the current text below against the official source.
Procedure for making contracts on behalf of Corporation.— With respect to the making of contracts under or for any purpose of this Act, including contracts relating to the acquisition and disposal of immovable property or any interest therein, the following provisions shall have effect, namely:— (a) every such contract shall be made on behalf of the Corporation by the Commissioner; (b) no such contract, for any purpose which, in accordance with any provision of this Act, the Commissioner may not carry out without the approval or sanction of the Corporation or some other municipal authority, shall be made by him until or unless such approval or sanction has first been duly obtained; (c) no contract, which will involve an expenditure exceeding three lakh rupees or such higher amount as the Corporation may, with the approval of the State Government, from time to time fix, shall be made by the Commissioner, unless the same is previously approved by the Standing Committee; (d) every contract made by the Commissioner involving expenditure exceeding fifty thousand rupees but not exceeding three lakh rupees or such higher amount as may be fixed under clause (c) shall be reported by him, within fifteen days after the same has been made, to the Standing Committee; (e) the foregoing provision of this section shall as far as may be, apply to every contract which the Commissioner shall have occasion to make in the execution of this Act; and the same provisions of this section which apply to an original contract shall be deemed to apply also to any variation or discharge of such contract; --47-- (f) not withstanding anything in any of the foregoing sub-sections, the State Government may require the Commissioner to execute any contract on behalf of the Corporation and the Commissioner shall be duty bound to execute the same under the directions of the State Government and in accordance thereof, provided however, in case of any financial implications, not covered by a current budget grant of the Corporation, the State Government shall provide grants to the extent the State Government deems fit.