Amendment status not verified — confirm the current text below against the official source.
(1) Every contract made by the Beard shall be entered inte i such manner and in such form as may be preseribed and be signed by the Chairr-an on behalf of the Board: Provided that--- (a) ne contract tivolviug an expenditure ait rupees twentyfive lukhs or more shall be iade with- but the previous sanction of the State Government). {b\ any contract inyolvhig Ae expenditure Up to viipees twenty thousand. masy, in éase of urgency, be made by the Chairnian without the previous sanc- tien of the Board but shall be refecred bo: the Board at the earliest opportunity. : (2) Sub;section (4) shall apply to every variation or abandenment af a contract as well as to an original contract.