Section List

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 NumberTitleActions
1Short title, extent and commencement.
2Definitions.
3Establishment of Road Transport Corporations in the States.
4Incorporation.
5Management of Corporation and Board of Directors.
6Disqualifications for being chosen as, or for being, a Director of a Corporation.
7Resignation of office by the Chairman or a Director.
8Removal of Chairman and members from office.
10Temporary association of persons with a Board for particular purposes.
11Meetings of Boards.
12Power to appoint committees and delegate functions.
13Authentication of orders and other instruments.
14Officers and servants of the Corporation.
15Managing Director, Chief Accounts Officer and Financial Adviser.
16General disqualification of all officers and servants.
17Appointment of Advisory Council.
17AEstablishment of subsidiary corporations.
18General duty of Corporation.
19Powers of Corporation.
19ADisposal of unclaimed articles and property.
19BCorporation to obtain the approval of the Central Government in certain cases.
21Carriage of mails.
22General principle of Corporation’s finance.
23Capital of the Corporation.
24Additional capital of the Corporation.
25Guarantee by the State Government.
26Borrowing powers.
27Fund of the Corporation.
28Payment of interest and dividend.
29Provision for depreciation and reserve and other funds.
30Disposal of net profits.
31Power of the Corporation to spend.
32Budget.
33Accounts and audit.
34Directions by the State Government.
35Returns and reports.
36Power to order inquiries.
37Power to control a part of the undertaking of a Corporation.
38Power to supersede a Corporation.
39Liquidation of a Corporation.
40Compensation for acquisition of road transport undertakings.
43Directors, Officers and other employees of a Corporation to be public servants.
44Power to make rules.
45Power to make regulations.
45AEvery rule and regulation to be laid before State Legislature.
46Penalty for breach of rules.
47Special provisions relating to Bombay.
47ASpecial provision for reconstitution or dissolution of certain Corporations.
48Transitional provision relating to Bombay State Road Transport Corporation.
49Prosecution and cognizance of offences.
50Appointment of Magistrates.
51Composition of offences.
52Limitation of time for prosecution.
53Power of magistrate to hear cases in absence of accused when summoned to appear.
9Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of a Corporation.
20Extension of the operation of the road transport service of a Corporation to areas within another State.
41Omitted .
42 Power of entry.
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