Sanction
(1) Every contract--
(a) for which budget provision does not exist, or
(b) which involves a value or amount exceeding1[one thousand rupees], shall require the sanction of the2[Board].
(2) Every contract other than a contract such as is referred to in sub-section (1) shall be sanctioned by the2[Board] or by the Executive Officer on behalf of the2[Board].
________________________
1. Substituted by Act 15 of 1983, section 72, for "two hundred rupees" w.e.f. 1-10-1983.
2. Substituted by Act 24 of 1936, section 69, for "Cantonment Authority".