Amendment status not verified — confirm the current text below against the official source.
(1) Evcry such con tract shall be made on behalf of [he Board by Exxu~ion of the Chairman: conuacts md anproval Provided ~liat- orestikes. (a) a contract involving an expendi~ure excecding ?[fir~y rhousand rupees] shall not be made by he Chairman wilhoul ~ h c previ~us sanc~ion of rhe Board; and (b) a contract involving an cxpcndilurc cxcccding -'[~wen~y-five Iahs of rupees] shall not bc rnadc by the Chairman wilhout the previous sanction of the Board and or ~ h c State Govcrnmcnt. (2) Evcry cstimate for the expendilute of any sum for carrying out any of [he purposcs of his Act shall be subject to the approval of h e authoriry who is cmpowered by sub-secdon (1) lo make or sanclion [ha making of a conkact involving the expenditure of a like sum. (3) Sub-scciions (I) nnd (2) shall apply lo every variarian or ahandonmen( of a conmcL or csirnatc, as we1 I as to an original conlract or cslima~c.