Section 12
Executive Committee.
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) There shall be an Executive Committee of the Central
Warehousing Corporation which shall consist of--
(a) the Chairman 1*** of the board of directors;
(b) the managing director; and
(c) two other directors chosen by the Corporation in the prescribed manner.
2[(2) The Chairman of the board of directors shall be the Chairman of the Executive Committee.]
(3) Subject to the general control, direction and superintendence of the board of directors, the Executive Committee shall be competent to deal with any matter within the competence of the Central Warehousing Corporation.
(a) the Chairman 1*** of the board of directors;
(b) the managing director; and
(c) two other directors chosen by the Corporation in the prescribed manner.
2[(2) The Chairman of the board of directors shall be the Chairman of the Executive Committee.]
(3) Subject to the general control, direction and superintendence of the board of directors, the Executive Committee shall be competent to deal with any matter within the competence of the Central Warehousing Corporation.
Notes
1. The word "and the Vice-Chairman" omitted by Act 45 of 2005, s. 4 (w.e.f. 15-11-2005).
2. Subs. by s. 4, ibid., for sub-section (2) (w.e.f. 15-11-2005).
2. Subs. by s. 4, ibid., for sub-section (2) (w.e.f. 15-11-2005).