Section 24
Section 24 of the Andhra Pradesh Infrastructure Development Enabling Act, 2001. Treatment of Bid submitted by a consortium -(a) All proposals submitted by a Bidding Consortium shall enclose a memorandum of undertaking, executed by all consortium members setting out the role of each of the consortium members and the proposed equity stake of each of the consortium members with re
Treatment of Bid submitted by a consortium -(a) All proposals submitted by a Bidding Consortium shall enclose a memorandum of undertaking, executed by all consortium members setting out the role of each of the consortium members and the proposed equity stake of each of the consortium members with regard to a Project.
(b) The Lead Consortium Member of a pre-qualified Consortium cannot be replaced except with the prior permission of the 1[Government] and which permission will be considered only in case of acquisition or merger of the Lead Consortium Member Company. Further, after a Bidding Consortium is selected to implement any Project, the Lead Consortium Member shall maintain a minimum equity stake of 26% for a period of time, as specified in the Sector Policy or the Concession Agreement.
(c) Replacement of other Consortium Members may be permitted, provided the same is not prejudicial to the original strength of Consortium as determined in course of the evaluation of original bid or proposal.
(d) Any change in the shareholding or composition of a Consortium shall be with the approval of the 1[Government].
Section 24, The Andhra Pradesh Infrastructure Development Enabling Act, 2001 (Act 36 of 2001).
Questions about Section 24
How do I find court cases under Section 24 of the Andhra Pradesh Infrastructure Development Enabling Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Andhra Pradesh Infrastructure Development Enabling Act 24, section 24 Andhra Pradesh Infrastructure Development Enabling Act, section 24 of the Andhra Pradesh Infrastructure Development Enabling Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When was the Andhra Pradesh Infrastructure Development Enabling Act enacted?
Andhra Pradesh Infrastructure Development Enabling Act was enacted in 2001 as Act 36 of 2001. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Read from the Government's own scanned gazette with Azure Document Intelligence, then split into sections by their numbering. India Code publishes no text for this Act. The scan itself is mirrored into our own storage and served at /scan/400e2a68-75ec-4504-becb-ce780e6c95e4.pdf, so the reading here can be checked against the page it came from without depending on India Code's own copy staying where it is (it was at https://indiacode.gov.in/server/api/core/bitstreams/2ca045bd-7357-4aa4-aefa-ea6a9b228f08/content). This page is not a substitute for legal advice.