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 17: General Fund.
    (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.]
Notes:
1 . The proviso ins. by Act 42 of 1976, s. 5 (w.e.f. 24-3-1976).
Scroll to Top