Treatment of Bid submitted by a consortium
Section 24 of Bihar State Infrastructure Development Enabling Act, 2006 deals with treatment of Bid submitted by a consortium. All proposals submitted by a Bidding Consortium shall enclose a memorandum of understanding 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.
(i) All proposals submitted by a Bidding Consortium shall enclose a memorandum of understanding 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.
(ii) The lead Consortium Member of a pre-qualified Consortium cannot be replaced except with the prior permission of the Infrastructure Development Authority 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.
(iii) 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.
(iv) Any change in the shareholding or composition of a Consortium shall be with the approval of the Infrastructure Development Authority.
Section 24, Bihar State Infrastructure Development Enabling Act, 2006 (Act 2006 of 2024).
Questions about Section 24
What does Section 24 of the Bihar State Infrastructure Development Enabling Act deal with?
Section 24 of the Bihar State Infrastructure Development Enabling Act is headed "Treatment of Bid submitted by a consortium". All proposals submitted by a Bidding Consortium shall enclose a memorandum of understanding 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.
How do I find court cases under Section 24 of the Bihar State 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: Bihar State Infrastructure Development Enabling Act 24, section 24 Bihar State Infrastructure Development Enabling Act, section 24 of the Bihar State 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 Bihar State Infrastructure Development Enabling Act enacted?
Bihar State Infrastructure Development Enabling Act was enacted in 2024 as Act 2006 of 2024. India Code records no commencement date for it. It is in force as at the date shown on this page.
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