In terms of Rule 13 of the Public Procurement Rules 2004 the minimum response time shall not be less than fifteen (15) days for national competitive bidding and thirty (30) days for international competitive bedding.
“Budgetary control is a system of controlling costs which includes the preparation of budgets, coordinating the departments and establishing responsibilities, comparing actual performance with the budgeted and acting upon results to achieve maximum profitability.”
Where the Articles of Association require AGMs of shareholders to be held, they must be held within 18 months of the limited company's formation and thereafter annually, with no more than 15 months between each Annual General Meeting.
