Amendment status not verified — confirm the current text below against the official source.
(1) Every contract by the Chairman on beha-if 2 0f the Board shall, subject to the provisions of this section, be entered into in such manner and form as may be prescribed. (2) A contract not executed as provided in this see. tion and the rules made thereunder shali not be binding: on the Board. Provided that nothing provided in subsections (1} and (2) above in regard to the manner and form in Which the g contracts are to be signed by the Chairman on behalf of the 2 Board shall be applicable in respect of cantracts 10 be en-x teredinto With institutions like Housing and Urban Deve- 30pment Corporation Limited (HUDCO), {a Government of India Ente: prise), New Delhi and intespect of such? contracts, the Board is competent to sign as pet the form 2 prescribed by HUDCO. ' 11 CHAPTER III HOUSING SCHEMES