The Bengal Bonded Warehouse Association Act, 1838
Central Act · Act 5 of 183833 provisions
The enactment
| Type | Act |
|---|---|
| Citation | Act 5 of 1838 |
| Year | 1838 |
| Jurisdiction | Central |
| Ministry | Ministry of Home Affairs |
| Status | In force as published by the source |
| Provisions published | 33 |
| Subjects | criminal |
Full text, provision by provision
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- Section 1 Incorporation.
- Section 2 Power to sue and be sued, and to acquire, hold and transfer property.
- Section 3 Capital Stock and shares.
- Section 4 Registering of names of proprietors. Register to be open to inspection.
- Section 5 Share-certificates.
- Section 6 Transfer of shares.
- Section 7 Proprietors of shares to be members of Association.
- Section 8 First Directors of Association.
- Section 10 Directors to go out by rotation.
- Section 11 Election of successor, when Director ceases to be so otherwise than by rotation.
- Section 15 Adjournment of ordinary meetings.
- Section 16 Extraordinary general meetings.
- Section 17 Voting at general meetings Qualification for voting.
- Section 18 Number of votes to which proprietors entitled.
- Section 19 Votes of joint proprietors shares.
- Section 20 Voting by proxy.
- Section 21 Authority of Directors.
- Section 22 Calls for share money.
- Section 23 Interest to run on each call. Application of dividend in satisfaction of unpaid calls.
- Section 24 Power to refuse to register transfer by defaulting proprietor. Power to sell shares to satisfy calls, and issue fresh certificates.
- Section 25 Extension of Act 25 of 1836 to warehouses of Association.
- Section 26 Power to give general security for payment of import and export duties.
- Section 27 Rates for warehousing.
- Section 28 Certificates of deposit, transferable by endorsement.
- Section 29 Suits against Association.
- Section 30 Joint Stock of Association.
- Section 31 Individual members not to be liable.
- Section 33 Increase of Capital Stock.
- Section 34 Option to original proprietors to subscribe in first instance.
- Section 35 Provisions of Act to apply to additional Stock.
- Section 36 East India Company to have right of pre-emption.
- Section 38 Dissolution of Association by resolution of proprietors.
- Section 39 Division of property on dissolution.
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