All moneys belonging to a Warehousing Corporation shall be deposited in the Reserve Bank or the State Bank [or any nationalised bank] or, subject to any rules made under this Act, in [any other scheduled bank] or co-operative bank.
Section 28: Deposit account.
The Warehousing Corporations Act, 1962Central Act · Act 58 of 1962
Where this provision sits
| Act | The Warehousing Corporations Act, 1962 |
|---|---|
| Section | 28 |
| Marginal note | Deposit account. |
| Jurisdiction | Central |
| Status | In 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 42 of 1976. . Ins. by Act 42 of 1976, s. 8 (w.e.f. 24-3-1976).
- substituted. . Subs. by s. 8, ibid., for "any scheduled bank" (w.e.f. 24-3- 1976).
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