Section 17
General Fund.
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) To the General Fund shall be credited--
(a) all sums received by the Central Warehousing Corporation other than those referred to in sub-section (1) of section 16; and
(b) such grants and loans as the Central Government may make for the purposes of the General Fund.
(2) The General Fund shall be applied--
(a) for meeting the salary, allowances and other remuneration of the officers and other employees of the Central Warehousing Corporation;
(b) for meeting the other administrative expenses of the Corporation; and
(c) for carrying out the purposes of this Act:
1[Provided that the General Fund shall not be applied for meeting the expenses referred to in clause (c) or clause (d) of sub-section (2) of section 16.]
(a) all sums received by the Central Warehousing Corporation other than those referred to in sub-section (1) of section 16; and
(b) such grants and loans as the Central Government may make for the purposes of the General Fund.
(2) The General Fund shall be applied--
(a) for meeting the salary, allowances and other remuneration of the officers and other employees of the Central Warehousing Corporation;
(b) for meeting the other administrative expenses of the Corporation; and
(c) for carrying out the purposes of this Act:
1[Provided that the General Fund shall not be applied for meeting the expenses referred to in clause (c) or clause (d) of sub-section (2) of section 16.]
Notes
1 . The proviso ins. by Act 42 of 1976, s. 5 (w.e.f. 24-3-1976).