Section 28

Deposit account.

The Warehousing Corporations  Act, 1962

  • Act 58 of 1962
  • Ministry of Consumer Affairs, Food and Public Distribution
  • Department of Food and Public Distribution
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.

All sections
    All moneys belonging to a Warehousing Corporation shall be deposited in the Reserve Bank or the State Bank 1[or any nationalised bank] or, subject to any rules made under this Act, in 2[any other scheduled bank] or co-operative bank.

Notes

1. Ins. by Act 42 of 1976, s. 8 (w.e.f. 24-3-1976).
2. Subs. by s. 8, ibid., for "any scheduled bank" (w.e.f. 24-3- 1976).
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