Changes in Constitution. Where the contractor is a partnership firm, the prior approval in writing of the Chief Executive Officer, NRDA shall be obtained before any change is made in the constitution of the firm. Where the contractor is an individual or a Hindu Undivided family business concern such approval as aforesaid shall likewise be obtained before the contractor enters into any partnership agreement where under the partnership firm would have the right to carry out the work hereby undertaken by the contractor. If prior approval as aforesaid is not obtained the contractor shall be deemed to have been assigned in contravention of the condition 56 hereof and the same action may be taken and the same consequences shall ensure as provided for in the said condition 56.
Appears in 4 contracts
Samples: Tender Agreement, Tender Agreement, Tender Agreement
