California Department of General Services - Prohibited Entities (Iranian Contracting Act, 2010)
The California Department of General Services maintains a list of prohibited entities as part of the Iranian Contracting Act of 2010. This list identifies businesses and individuals who are not eligible to contract with the state of California due to their connections to certain activities in Iran.
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10 Entities in California Department of General Services - Prohibited Entities (Iranian Contracting Act, 2010)
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
ONGC Videsh Ltd | Company | Aug 5, 2020 | active |
Petroleum of Venezuela, S.A. | Company | Aug 5, 2020 | active |
China Oilfield Services Limited | Company | Aug 5, 2020 | active |
Oil India Limited | Company | Aug 5, 2020 | active |
Oil and Natural Gas Corporation | Company | Aug 5, 2020 | active |
Indian Oil Corporation Ltd | Company | Aug 5, 2020 | active |
China National Petroleum Corporation | Company | Aug 5, 2020 | active |
SKS Ventures | Company | Aug 5, 2020 | active |
Petrofield | Company | Aug 5, 2020 | active |
Sinopec | Company | Aug 5, 2020 | active |
FAQs
Why is compliance with the California Department of General Services - Prohibited Entities (Iranian Contracting Act, 2010) necessary?
Compliance with the California Department of General Services' prohibited entities list, established under the Iranian Contracting Act of 2010, is essential for maintaining ethical standards and legal adherence in state contracting. This list helps ensure that public funds are not used to support entities engaged in certain activities with Iran, promoting national security and ethical business practices. By adhering to these guidelines, organizations protect themselves from legal repercussions and contribute to broader efforts in upholding human rights and reinforcing economic sanctions.
Which companies should comply with California Department of General Services - Prohibited Entities (Iranian Contracting Act, 2010)?
Companies in the contracting, procurement, and supply chain industries must comply with the California Department of General Services' Prohibited Entities List under the Iranian Contracting Act, 2010. This regulation aims to ensure that state contracts do not involve entities connected to Iran, thereby safeguarding public funds, promoting ethical business practices, and adhering to international sanctions against Iran.
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