Act Number: 58

Act Name: The Warehousing Corporations  Act, 1962

Year: 1962

Enactment Date: 1962-12-19

Long Title: 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.

Ministry: Ministry of Consumer Affairs, Food and Public Distribution

Department: Department of Food and Public Distribution

Section 14: Grants and loans by the Central Government.
    (1) The Central Government may, after due appropriation made by Parliament by law in this behalf, pay to the Central Warehousing Corporation for the purposes of either fund maintained by the Corporation--
         (a) by way of grants, such sums of money as the Central Government may consider necessary; and
         (b) by way of loans, such sums of money on such terms and conditions as the Central Government may determine;
     (2) When making a payment under sub-section (1), the Central Government shall specify the fund for the purposes of which the payment is made.
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