Section 11:
Functions of Central Warehousing Corporation.
Subject to the provisions of this Act, the
Central Warehousing Corporation may--
(a) acquire and build godowns and warehouses at such suitable places in India 1[ or aboard]
as it thinks fit;
(b) run warehouses for the storage of agricultural produce, seeds, manures, fertilizers,
agricultural implements and notified commodities offered by individuals, co- operative societies
and other institutions;
(c) arrange facilities for the transport of agricultural produce, seeds, manures, fertilizers,
agricultural implements and notified commodities to and from warehouses;
(d) subscribe to the share capital of a State Warehousing Corporation;
(e) act as agent of the Government for the purposes of the purchase, sale, storage and
distribution of agricultural produce, seeds, manures, fertilizers, agricultural implements and
notified commodities; 2* * *
3[(ea) enter into, with the previous approval of the Central Government, joint ventures with
any corporation established by or under any Central Act or any State Act or with any company
formed and registered under the Companies Act, 1956 (1 of 1956) including foreign company or
through its subsidiary companies, for carrying out the purposes of this Act.
Explanation.--For the purposes of this clause, the expression "foreign company" shall have
the meaning assigned to it under clause (23A) of section 2 of the Income-tax Act, 1961 (43 of
1961).
(eb) establish subsidiary companies; and]
(f) carry out such other functions as may be prescribed.
Notes:
1. Ins. by Act 23 of 2001, s. 2 (w.e.f. 1-11-2001).
2. The word "and" omitted by Act 23 of 2001, s. 2 (w.e.f. 1-11-2001).
3 Ins. by s. 2, ibid. (w.e.f. 1-11-2001).