Act 58 of 1962

The Warehousing Corporations  Act, 1962

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 of Consumer Affairs, Food and Public Distribution
  • Department of Food and Public Distribution
  • Enacted 1962-12-19
  • 45 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
2A Construction of references to any law not in force or any functionary not in existence in any State. Read
3 The Central Warehousing Corporation. Read
4 Share capital and shareholders. Read
5 Shares to be guaranteed by Central Government and to be trust or approved securities. Read
6 Management of Central Warehousing Corporation. Read
7 Directors. Read
8 Disqualification for office of director of the Central Warehousing Corporation. Read
9 Removal of directors from office. Read
10 Appointment of officers, etc., and their conditions of service. Read
11 Functions of Central Warehousing Corporation. Read
12 Executive Committee. Read
13 Meetings of the Corporation. Read
14 Grants and loans by the Central Government. Read
15 Corporation to maintain two funds. Read
16 Warehousing Fund. Read
17 General Fund. Read
18 State Warehousing Corporations. Read
19 Share capital and shareholders. Read
20 Management of a State Warehousing Corporation. Read
21 Disqualification for office of director of the Corporation. Read
22 Removal of directors from office. Read
23 Appointment of officers, etc., and their conditions of service. Read
24 Functions of the State Warehousing Corporation. Read
25 Executive Committee. Read
26 Submission of programme of activities and financial estimates. Read
27 Borrowing powers of Warehousing Corporation. Read
28 Deposit account. Read
29 Investment of funds. Read
30 Disposal of profits. Read
31 Accounts and audit of Warehousing Corporation. Read
31A Returns and reports. Read
32 Vacancies, etc., not to invalidate acts and proceedings of Warehousing Corporations. Read
33 Delegation. Read
34 Voting rights of shareholders. Read
35 Disputes between Central Warehousing Corporation and State Warehousing Corporation. Read
36 Declaration of fidelity and secrecy. Read
37 Indemnity of directors. Read
38 Offences. Read
39 Provisions relating to income-tax and super-tax. Read
40 Winding up of Warehousing Corporations. Read
41 Power to make rules. Read
42 Power of Warehousing Corporations to make regulations. Read
43 Repeal and savings. Read
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