Examples of Financial Rules in a sentence
Such Authorizing Officer shall not authorize the initiation of the proposed procurement activity until the contracting authority’s CFO has confirmed in writing that the requirements of Section 8 of the present law and all other applicable requirements of the Law on Public Financial Management and Accountability and the Financial Rules have been complied with.
False declarations will be in breach of the Code of Integrity under Rule 175(1)(i)(h) of the General Financial Rules for which a bidder or its successors can be debarred for up to two years as per Rule 151 (iii) of the General Financial Rules along with such other actions as may be permissible under law.
No. 6/18/2019-PPD dated 23rd July, 2020(order- Public Procurement no.1) has proclaimed the insertion of Rule 144 (xi) in the General Financial Rules (GFRs), 2017 w.e.f. 23rd July, 2020 regarding restrictions on procurement from a bidder of a country which shares a land border with India on the grounds of defense of India on matters directly or indirectly related thereto including national security.
Seal, name & address of the Bank and address of the Branch The bidder should submit related undertaking for Restrictions on procurement from bidders from a county or countries, or a class of countries under Rule 144 (XI) of the General Financial Rules 2017 in compliance of office OM no.
Each contracting authority shall establish, in accordance with the Financial Rules, a separate interest-bearing account at a licensed commercial bank in Kosovo for the purpose of receiving and holding funds received as performance security or received under a letter of credit or bank guarantee that had been posted as performance security.