Office Memorandum issued by Ministry of Finance, Department of Expenditure, GOI.
Dear all,
Your association SIMA is forwarding herewith an Office Memorandum No.F. 18/4/2020-PPD, dated 19/02/2020 issued by Ministry of Finance, Department of Expenditure, Procurement Policy Division, Government of India, regarding Force Majeure Clause (FMC).
As per the Office Memorandum, a Force Majeure (FM) means extraordinary events or circumstance beyond human control such as an event described as an act of God (as a natural calamity) or events such as a war, strike, riots, crimes (but not including negligence or wrong-doing, predictable/ seasonal rain and any other events specifically excluded in the clause)......TO VIEW THE FULL OFFICE MEMORANDUM PLEASE CLICK HERE.
Thanking you,
With Regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
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