Food Corporations Act, 1964 Food Corporations Act, 1964 Food Corporations Act, 1964
 
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Food Corporations Act, 1964

 

Sections

Food Corporations Act, 1964

 

Preamble

   
  CHAPTER I: PRELIMINARY
1.

Short title, extent and commencement

2.

Definitions

   
  CHAPTER II: THE FOOD CORPORATION OF INDIA
3.

Establishment of Food Corporation of India

4.

Offices and agencies

5.

Capital of Corporation

6.

Management

7.

Board of Directors

8.

Disqualification for office of director

9.

Removal and resignation of directors

10.

Meetings

11.

Advisory Committees

12.

Officers and other employees of Corporation

12A.

Special provisions for transfer of Government employees to the Corporation in certain cases

13.

Functions of Corporation

14.

Executive Committee and other Committees

15.

Member of Board or Committee thereof not to vote in certain cases

   
  CHAPTER III: BOARDS OF MANAGEMENT
16.

Board of Management, their constitution and functions

   
  CHAPTER IV: STATE FOOD CORPORATIONS
17.

Establishment of State Food Corporation

18.

Capital of State Food Corporation

19.

Management of State Food Corporation

20.

Disqualification for office of member of board of directors

21.

Removal and resignation of members of board of directors

22.

Meetings

23.

Appointment of officers, etc., and their conditions of service

24.

Executive Committee and other Committees

25.

Member of board or committee thereof not to vote in certain cases

   
  CHAPTER V: FINANCE, ACCOUNTS AND AUDIT
26.

Submission of programme of activities and financial estimates

27.

Borrowing powers of Food Corporation

28.

Lending by Food Corporation on security of foodgrains

29.

Power to enter into agreement for purchase of foodgrains after harvest

30.

Guarantee by Food Corporation

31.

Funds of Food Corporation

32.

Investment of funds

33.

Allocation of surplus profits

34.

Accounts and audit

35.

Annual report on the working of Food Corporations

   
  CHAPTER VI: MISCELLANEOUS
36.

Vacancies, etc., not to invalidate acts or proceedings of Food Corporation, etc.

37.

Delegation

38.

Declaration of fidelity and secrecy

39.

Indemnity of directors

40.

Protection of action taken under this Act

41.

Offences

42.

Provision relating to income-tax, super-tax, etc.

43.

Winding up of Food Corporation

44.

Power to make rules

45.

Power of Food Corporation to make regulations

46.

Validation

   
 

THE SCHEDULE

 

Food Corporations Act, 1964

 

 

 

 

 

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