Start learning 50% faster. Sign in now
Section 21. Mode of executing contracts on behalf of the Authority: (1) Every contract shall, on behalf of the Authority, be made by the Chairperson or such other member or such officer of the Authority as may be generally or specially empowered in this behalf by the Authority and such contracts or class of contracts as may be specified in the regulations shall be sealed with the common seal of the Authority: Provided that no contract exceeding such value or amount as the Central Government may, from time to time, by order, fix in this behalf shall be made unless it has been previously approved by the Authority: Provided further that no contract for the acquisition or sale of immovable property or for the lease of any such property for a term exceeding thirty years and no other contract exceeding such value or amount as the Central Government may, from time to time, by order, fix in this behalf shall be made unless it has been previously approved by the Central Government.
Ashu and Sunil together start a business with investment of Rs. 1800 and Rs. ‘x + 1000’, respectively. If the profit earned after 5 years is Rs. 640...
A and B enter into a partnership with their initial sum of Rs.28000 and Rs.40000 respectively. After 8 months, a third person C also joins them with his...
Two individuals, 'P' and 'Q', started a business with initial investments of Rs. 5400 and Rs. 6200, respectively. After six months, 'P' increased his in...
‘A’ and ‘B’ started a business by investing Rs. 9000 and Rs. 11000, respectively. 12 months later, ‘C’ joined the business by investing Rs. ...
In a business there are two partners ‘P’ and ‘Q’. ‘P’ started the business with the capital of Rs. 24000 and after 3 months ‘Q’ joined h...
Charu and Chetan started a business by investing Rs. 15,000 and Rs. 20,000 respectively. Charu also worked as the active manager and for that, she is en...
Jagan and Magan started a business with a capital of Rs. 36000 and Rs. 63 ,000 and decide to share their profit according to their capital. But Gagan jo...
A and B invested Rs. 7200 and Rs. 9600, respectively, in a business. B invested his money for 2 months longer than A. If A's share of the total profit ...
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 3,000, Rs. 3,600 and Rs. 2,400, respectively. After 6 months, ‘B’ decreased his inv...
‘C’ and ‘D’ entered into a business by investing Rs. ‘y’ and Rs. ‘y + 300’, respectively. After 10 months ‘C’ invested Rs. 400 more ...