Rule 18 — DFPR
Original Rule Text
Rule 18: Trading operations– Notwithstanding anything contained in these rules, all proposals-
(a) for the purchase of commodities not intended for Government consumption, but for sale or issue to the public, State Governments or any other agency;
(b) for fixing of prices in respect of direct trading operations of Government; and
(c) from Government companies and undertakings which may be referred to the Government for fixation of prices for their products or stocks, shall be referred to the Ministry of Finance for concurrence before approval:
Provided that proposals under clause
(a) and (b), may not be referred to the Ministry of Finance for concurrence, if the value of the transaction is below Rupees twenty five crore.
Explanation – In this rule, “Government Company” has the same meaning as assigned to it in the Companies Act, 2013 (18 of 2013).