(1) All contracts made on behalf of the Board shall be expressed to be made in the name of the Board and all such contracts and all assurances of property shall be executed on behalf of the Board by the Chainnan or by such officer or officers of the Board or by such committee appointed by it as has bee directed or authorised by the Board to make contract on its behalf under section 23.
(2) A contract not expressed or executed in the manner provided in this section shall not be binding on the parties making the contract.
(2) A contract not expressed or executed in the manner provided in this section shall not be binding on the parties making the contract.
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · words and expressionsSection 4 · Establishment of the BoardSection 5 · Constitution of the BoardSection 6 · Term of office of the Chairman and non-official membersSection 7 · Disqualifications for appointment on the BoardSection 8 · Remuneration to the Chairman and membersIndia Code, Government of India. Text fetched 22 Oct 2026. Source metadata reports last modification: 2026-05-11. Check the linked official text and subsequent notifications when applying a provision.