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Section 11: Functions of Central Warehousing Corporation.

The Warehousing Corporations Act, 1962Central Act · Act 58 of 1962

Subject to the provisions of this Act, the Central Warehousing Corporation may--

(a) acquire and build godowns and warehouses at such suitable places in India [ or aboard] as it thinks fit;

(b) run warehouses for the storage of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities offered by individuals, co- operative societies and other institutions;

(c) arrange facilities for the transport of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities to and from warehouses;

(d) subscribe to the share capital of a State Warehousing Corporation;

(e) act as agent of the Government for the purposes of the purchase, sale, storage and distribution of agricultural produce, seeds, manures, fertilizers, agricultural implements and notified commodities; * * *

[(ea) enter into, with the previous approval of the Central Government, joint ventures with any corporation established by or under any Central Act or any State Act or with any company formed and registered under the Companies Act, 1956 (1 of 1956) including foreign company or through its subsidiary companies, for carrying out the purposes of this Act.

Explanation.--For the purposes of this clause, the expression "foreign company" shall have the meaning assigned to it under clause (23A) of section 2 of the Income-tax Act, 1961 (43 of 1961).

(eb) establish subsidiary companies; and]

(f) carry out such other functions as may be prescribed.

Where this provision sits

ActThe Warehousing Corporations Act, 1962
Section11
Marginal noteFunctions of Central Warehousing Corporation.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 23 of 2001. . Ins. by Act 23 of 2001, s. 2 (w.e.f. 1-11-2001).
  • omitted, Act 23 of 2001. . The word "and" omitted by Act 23 of 2001, s. 2 (w.e.f. 1-11-2001).
  • inserted. Ins. by s. 2, ibid. (w.e.f. 1-11-2001).

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