Section List

Act Number: 5

Act Name: The Bengal Bonded Warehouse Association Act, 1838

Year: 1838

Enactment Date: 1838-03-14

Long Title:

Ministry: Ministry of Home Affairs

Department: Department of States

Section NumberTitleActions
1Incorporation.
2Power to sue and be sued, and to acquire, hold and transfer property.
3Capital Stock and shares.
4Registering of names of proprietors. Register to be open to inspection.
5Share-certificates.
6Transfer of shares.
7Proprietors of shares to be members of Association.
8First Directors of Association.
9Removal and election of Directors.
10Directors to go out by rotation.
11Election of successor, when Director ceases to be so otherwise than by rotation.
12[Repealed].
13Directors to be residents of Bengal Presidency.
14[Repealed].
15Adjournment of ordinary meetings.
16Extraordinary general meetings.
17Voting at general meetings Qualification for voting.
18Number of votes to which proprietors entitled.
19Votes of joint proprietors shares.
20Voting by proxy.
21Authority of Directors.
22Calls for share money.
23Interest to run on each call. Application of dividend in satisfaction of unpaid calls.
25Extension of Act 25 of 1836 to warehouses of Association.
26Power to give general security for payment of import and export duties.
27Rates for warehousing.
28Certificates of deposit, transferable by endorsement.
29Suits against Association.
30Joint Stock of Association.
31Individual members not to be liable.
32[Repealed].
33Increase of Capital Stock.
34Option to original proprietors to subscribe in first instance.
35Provisions of Act to apply to additional Stock.
36East India Company to have right of pre-emption.
37Dissolution of Association by order of the Governor General in Council.
38Dissolution of Association by resolution of proprietors.
39Division of property on dissolution.
24Power to refuse to register transfer by defaulting proprietor. Power to sell shares to satisfy calls, and issue fresh certificates.
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