The Warehousing Corporations Act, 1962
Central Act · Act 58 of 196245 provisions1 citing judgments
The enactment
| Long title | An Act to provide for the incorporation and regulation of corporations for the purpose of warehousing of agricultural produce and certain other commodities and for matters connected therewith. |
|---|---|
| Type | Act |
| Citation | Act 58 of 1962 |
| Year | 1962 |
| Jurisdiction | Central |
| Ministry | Ministry of Consumer Affairs, Food and Public Distribution |
| Status | In force as published by the source |
| Provisions published | 45 |
| Subjects | consumer |
Full text, provision by provision
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- Section 1 Short title, extent and commencement.
- Section 2 Definitions.
- Section 2A Construction of references to any law not in force or any functionary not in existence in any State.
- Section 3 The Central Warehousing Corporation.1 citing judgment
- Section 4 Share capital and shareholders.
- Section 5 Shares to be guaranteed by Central Government and to be trust or approved securities.
- Section 6 Management of Central Warehousing Corporation.
- Section 7 Directors.
- Section 8 Disqualification for office of director of the Central Warehousing Corporation.
- Section 9 Removal of directors from office.
- Section 10 Appointment of officers, etc., and their conditions of service.
- Section 11 Functions of Central Warehousing Corporation.
- Section 12 Executive Committee.
- Section 13 Meetings of the Corporation.
- Section 14 Grants and loans by the Central Government.
- Section 15 Corporation to maintain two funds.
- Section 16 Warehousing Fund.
- Section 17 General Fund.
- Section 18 State Warehousing Corporations.
- Section 19 Share capital and shareholders.
- Section 20 Management of a State Warehousing Corporation.
- Section 21 Disqualification for office of director of the Corporation.
- Section 22 Removal of directors from office.
- Section 23 Appointment of officers, etc., and their conditions of service.
- Section 24 Functions of the State Warehousing Corporation.
- Section 25 Executive Committee.
- Section 26 Submission of programme of activities and financial estimates.
- Section 27 Borrowing powers of Warehousing Corporation.
- Section 28 Deposit account.
- Section 29 Investment of funds.
- Section 30 Disposal of profits.
- Section 31 Accounts and audit of Warehousing Corporation.
- Section 31A Returns and reports.
- Section 32 Vacancies, etc., not to invalidate acts and proceedings of Warehousing Corporations.
- Section 33 Delegation.
- Section 34 Voting rights of shareholders.
- Section 35 Disputes between Central Warehousing Corporation and State Warehousing Corporation.
- Section 36 Declaration of fidelity and secrecy.
- Section 37 Indemnity of directors.
- Section 38 Omitted.
- Section 39 Provisions relating to income-tax and super-tax.
- Section 40 Winding up of Warehousing Corporations.
- Section 41 Power to make rules.
- Section 42 Power of Warehousing Corporations to make regulations.
- Section 43 Repeal and savings.
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