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Section 18: Capital of State Food Corporation.

The Food Corporations Act, 1964Central Act · Act 37 of 1964

(1) The Capital of a State Food Corporation shall be such sum not exceeding ten crores of rupees as the Central Government may, after consultation with the Food Corporation of India, fix.

(2) The Central Government may, after such consultation, from time to time, increase the capital of the State Food Corporation to such extent and in such manner as that Government may determine.

(3) Such capital shall be provided--

(a) by the Central Government after due appropriation made by Parliament by law for the purpose, and

(b) by the Food Corporation of India,

in such proportion and subject to such terms and conditions as may be determined by the Central Government.

Where this provision sits

ActThe Food Corporations Act, 1964
Section18
Marginal noteCapital of State Food Corporation.
JurisdictionCentral
StatusIn force as published by the source

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