Section 40
Winding up of Warehousing Corporations.
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.
No provision of law relating to the winding
up of companies or corporations shall apply to a Warehousing Corporation and any such Corporation
shall not be placed in liquidation save by order of the appropriate Government and in such manner as
it may direct.