Act Number: 64

Act Name: The Road Transport Corporations Act, 1950

Year: 1950

Enactment Date: 1950-12-04

Long Title: An Act to provide for the incorporation and regulation of Road Transport Corporations.

Ministry: Ministry of Road Transport and Highways

Department:

Section 19B: Corporation to obtain the approval of the Central Government in certain cases.
    1[19B. Corporation to obtain the approval of the Central Government in certain cases.--In the exercise of any of its powers under this Act, the Corporation shall not incur on any single work, service or scheme or for any other purpose a capital expenditure of more than twenty-five lakhs of rupees except with the previous approval of the Central Government.]
Notes:
1. Ins. by Act 71 of 1971, s. 7(a) and the First Schedule (w.e.f. 3-9-1971).
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