Act 37 of 1964

The Food Corporations Act, 1964

An Act to provide for the establishment of Food Corporations for the purpose of trading in foodgrains and other foodstuffs and for matters connected therewith and incidental thereto.

  • Ministry of Consumer Affairs, Food and Public Distribution
  • Department of Food and Public Distribution
  • Enacted 1964-12-10
  • 47 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Establishment of Food Corporation of India. Read
4 Offices and agencies. Read
5 Capital of Corporation. Read
6 Management. Read
7 Board of directors. Read
8 Disqualification for office of director. Read
9 Removal and resignation of directors. Read
10 Meetings. Read
11 Advisory Committees. Read
12 Officers and other employees of Corporation. Read
12A Special provisions for transfer of Government employees to the Corporation in certain cases. Read
13 Functions of Corporation. Read
14 Executive Committee and other commodities. Read
15 Member of board or committee thereof not to vote in certain cases. Read
16 Boards of Management, their constitution and functions. Read
17 Establishment of State Food Corporation. Read
18 Capital of State Food Corporation. Read
19 Management of State Food Corporation. Read
20 Disqualification for office of member of board of directors. Read
21 Removal and resignation of members of board of directors. Read
22 Meetings. Read
23 Appointment of officers, etc. and their conditions of service. Read
24 Executive Committee and other committees. Read
25 Member of board or committee thereof not to vote in certain cases. Read
26 Submission of programme of activities and financial estimates. Read
27 Borrowing powers of Food Corporation. Read
28 Lending by Food Corporation on security of foodgrains. Read
29 Power to enter into agreement for purchase of foodgrains after harvest. Read
30 Guarantee by Food Corporation. Read
31 Funds of Food Corporation. Read
32 Investment of funds. Read
33 Allocation of surplus profits. Read
34 Accounts and audit. Read
35 Annual report on the working of Food Corporations. Read
36 Vacancies, etc., not to invalidate acts or proceedings of Food Corporation, etc. Read
37 Delegation. Read
38 Declaration of fidelity and secrecy. Read
39 Indemnity of directors. Read
40 Protection of action taken under this Act. Read
41 Offences. Read
42 Provision relating to income-tax, super-tax, etc. Read
43 Winding up of Food Corporation. Read
44 Power to make rules. Read
45 Power of Food Corporation to make regulations. Read
46 Validation. Read
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