Government Central Purchasing Corporation Act

GOVERNMENT CENTRAL PURCHASING CORPORATION ACT. ARRANGEMENT OF SECTIONS Section PART I INTERPRETATION. 1. Interpretation. PART II ESTABLISHMENT OF GOVERNMENT CENTRAL PURCHASING CORPORATION. 2. Establishment of the Government Central Purchasing Corporation. 3. Objectives of the corporation. 4. Functions of the corporation. 5. Board of directors of the corporation. 6. Functions of the board. 7. Officers and staff. 8. Duty of Government Ministries, departments, etc. to cooperate with the corporation. PART III FINANCIAL AND RELATED PROVISIONS. 9. Funds of the corporation. 10. Duty of the corporation to operate on commercial principles. 11. Estimates. 12. Accounts, audit and annual report. 13. Vesting of assets. 14. Regulations. Schedule Meetings of the board. CHAPTER 311 GOVERNMENT CENTRAL PURCHASING CORPORATION ACT. Commencement : 17 August, 1990. An Act to establish a public corporation for the purchase of goods required by the Government for its own use and to provide for other matters connected therewith. PART I INTERPRETATION. 1. Interpretation.

se of goods required by the Government for its own use and to provide for other matters connected therewith. PART I INTERPRETATION. 1. Interpretation.

In this Act, unless the context otherwise requires— ( a ) "board" means the board of directors established under section 5; ( b ) "chairperson" means the chairperson of the board of directors; ( c ) "corporation" means the corporation established by section 2; ( d ) "financial year" means for any accounting period a period of 12 months ending on the 30th"> June; ( e ) "Minister" means the Minister responsible for finance. PART II ESTABLISHMENT OF GOVERNMENT CENTRAL PURCHASING CORPORATION. 2. Establishment of the Government Central Purchasing Corporation. (1) There is established a corporation to be known as the Government Central Purchasing Corporation. (2) The corporation shall be a body corporate with perpetual succession and a common seal and shall be capable of suing or being sued in its corporate name and, subject to this Act, may borrow money, acquire and dispose of property and do all such other things as a body corporate may lawfully do. (3) The seal of the corporation shall be authenticated by the signatures of the chairperson and director general.

as a body corporate may lawfully do. (3) The seal of the corporation shall be authenticated by the signatures of the chairperson and director general.

(4) In the absence of the chairperson, two other members of the board designated for that purpose by the board shall sign in the place of the chairperson, and the person performing the functions of director general may sign in the absence of the director general. (5) Every document purporting to be an instrument issued by the corporation and to be sealed with the seal of the corporation authenticated in the manner provided by subsection (3) or (4) shall be received and be deemed to be such an instrument without further proof unless the contrary is shown. 3. Objectives of the corporation. The objectives of the corporation shall be— ( a ) to procure the Government needed materials and services at the fairest price possible using the advantage of bulk purchase to earn discount; ( b ) to ensure that th This section of the article is only available for our subscribers. Please click here to subscribe to a subscription plan to view this part of the article. Home | About Us |--> Terms & Conditions | Privacy Statement | Publishing Services | Contact Us Sitemap --> --> Copyright 2019. Blackhall Publishing. All Rights Reserved. Design and Developed By : Indiafin Technologies Ltd .