Section 6
Management of Central Warehousing Corporation.
The Warehousing Corporations Act, 1962
About this Act
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.
(1) The general superintendence and
management of the affairs and business of the Central Warehousing Corporation shall vest in a board
of directors who, with the assistance of an Executive Committee and a managing director, may
exercise all the powers and discharge all the functions which may be exercised or discharged by the
Central Warehousing Corporation under this Act.
(2) The board of directors shall act on business principles having regard to public interest and shall be guided by such instructions on questions of policy as may be given to them by the Central Government.
(3) If any doubt arises as to whether a question is or is not a question of policy, the decision of the Central Government shall be final.
(2) The board of directors shall act on business principles having regard to public interest and shall be guided by such instructions on questions of policy as may be given to them by the Central Government.
(3) If any doubt arises as to whether a question is or is not a question of policy, the decision of the Central Government shall be final.