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 25: Guarantee by the State Government.
    The shares of a Corporation shall be guaranteed by the State Government as to the payment of the principal and the payment of the annual dividend at such minimum rate as may be fixed by the State Government by notification published in the Official Gazette at the time of issuing the shares.
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