REGISTERED No. D. (D) -72 रजिस्ट्री सं ० डी(डी) -72
भारत का राजपत्र The Gazette of India
असाधारण
EXTRAORDINARY
भाग 11-लण्ड
PART II-Section 1
प्राधिकार से प्रकाशित
PUBLISHED BY AUTHORITY
नई दिल्ली, बृहतिवार , मात्र 25 , 1976/ चैत्र 5 , 1893
d. 50]
NEW DELHI , THURSDAY , MARCH 25 , 1976 / CHAITRA 5 , 1898
No. 50]
इस भाग में भिन्न पृष्ठ संख्या दी जाती है जिससे कि यह अलग संकलन के रूप में रखा जा सके ।
Separate paging is given to this Part in order that it may be filed as a separate compilation
MINISTRY OF LAW , JUSTICE AND COMPANY AFFAIRS
(Legislative Department )
New Delhi , the 25th March , 1976 / Chaitra 5, 1898 ( Saka )
The following Act of Parliament received the assent of the President on the 24th March , 1976, and is hereby published for general informa- tion: -
THE WAREHOUSING CORPORATIONS ( AMENDMENT )
ACT, 1976
No. 42 OF 1976
[24th March, 1976]
An Act further to amend the Warehousing Corporations Act , 1962 .
BE it enacted by Parliament in the Twenty- seventh Year of the Republic of India as follows :-
Short title .
1. This Act may be called the Warehousing Corporations (Amendment) Act , 1976 .
58 of 1962.
2. In section 2 of the Warehousing Corporations Act , 1962 ( hereinafter referred to as the principal Act ) ,-
Amend- ment of section 2 .
(a) after clause (d) , the following clause shall be inserted , namely:-
5 of1970 .
' (dd) "nationalised bank" means a corresponding new bank specified in the First Schedule to the Banking Companies (Ac- quisition and Transfer of Undertakings ) Act, 1970; ' ;
(b) in clause (i) , the words " , and includes a nationalised bank " shall be inserted at the end .
3. In section 4 of the principal Act ,-
(a) in sub -section (1 ) , the following proviso shall be inserted
Amend- ment of section4.
at the end, namely:-
( 353 ) [PART II-
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354
"Provided that the Central Government may, from time to time, by order notified in the Official Gazette , increase the autho- rised share capital of the Central Warehousing Corporation to such extent and in such manner as that Government may deter- mine.";
(b) in sub - section ( 2) , in the opening sentence , for the words "The Central Government shall " , the words " The Central Govern- ment shall , after due appropriation made by Parliament by law for the purpose , " shall be substituted ;
(c) in sub - section ( 4) , for the words " the State Bank , any sche- duled bank", the words " the State Bank or any other scheduled bank" shall be substituted .
4. In section 16 of the principal Act , in sub - section ( 2) , after clause (b) , the following clauses shall be inserted, namely: -
Amend. ment of section 16 .
"(c) for meeting the expenses incurred in relation to the train- ing of personnel , or publicity and propaganda, for the purpose of promoting warehousing and storage of agricultural produce and noti- fled commodities;
(d) for meeting the expenses, including the salary , allowances and other remuneration of the officers and other employees , incurred in relation to the administration of the Warehousing Fund." .
5. In section 17 of the principal Act , in sub- section ( 2) , the following proviso shall be inserted at the end , namely:-
Amend- ment of section 17 .
"Provided that the General Fund shall not be applied for meet- ing the expenses referred to in clause (c) or clause ( d) of sub -section (2) of section 16." .
6. In section 19 of the principal Act , in sub- section ( 1 ) , the following proviso shall be inserted at the end , namely: --
Amend- ment of section 19 .
"Provided that in respect of any State Warehousing Corporation the Central Government may, after consultation with the State Gov- ernment concerned , from time to time and by order notified in the Official Gazette, increase the maximum limit of the authorised capi- tal aforesaid to such extent and in such manner as the Central Gov- ernment may determine ." .
7. In section 27 of the principal Act , in sub - section ( 2 ) ,
Amend.. ment of section 27 .
(a) in clause ( ii ) , for the words and figures " the State Bank of India Act , 1955." , the words and figures "the State Bank of India Act, 1955, or " shall be substituted;
(b) after clause ( ii ) , the following clauses shall be inserted, namely: --
" ( iii) from any nationalised bank, or
(iv) from such insurance company , investment trust or other financial institution as may be approved by the Central Govern- ment in this behalf. " .
SEC. 1 ]
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8. In section 28 of the principal Act,--
Amend- ment of section 28 .
(a) after the words " the State Bank " , the words " or any nation- alised bank" shall be inserted;
(b) for the words " any scheduled bank", the words " any other scheduled bank " shall be substituted.
9. In Chapter IV of the principal Act , after section 31 , the following section shall be inserted , namely:-
Insertion of new section 31A.
Returns and reports .
" 31A . A Warehousing Corporation shall furnish to the appropriate Government such returns , statistics , accounts and other information with respect to its property or activities as that Government may, from time to time, require ."..
10. In section 41 of the principal Act,-
Amend- ment of section 41 .
(a) in sub- section ( 2 ) ,-
( i) in clause ( e) , for the words , brackets and figures " within the limit specified in sub -section ( 1 ) of section 19 " , the words , brackets and figures " within the maximum limit specified by or under sub- section ( 1 ) of section 19" shall be substituted;
(ii ) clause ( i) shall be re- lettered as clause (1 ) , and before elause (j ) as so re-lettered , the following clause shall be insert- ed, namely: -
" ( i ) the form and manner in which returns , statistics , accounts and other information are to be furnished , under section 31A, by a Warehousing Corporation; " ;
(b) in sub-section (3 ) , for the words " if, before the expiry of the session in which it is so laid " , the words " if before the expiry of the session immediately following the session " shall be substituted .
K. K. SUNDARAM, Secy . to the Govt . of India .
CORRIGENDA of the Levy Sugar Price Equalisation Fund Act , 1976 printed in Act No. 37 of 1976 as published in the Gazette of India Extra- ordinary, Part II , Section 1, dated the 19th March , 1976 is hereby cancelled and re - issued as under : -
CORRIGENDA
In the Levy Sugar Price Equalisation Fund Act , 1976 (31 of 1976 ) as published in the Gazette of India Extraordinary , Part II , Section 1 , dated the 16th February , 1976 : -
(i ) page 236, section 8, in the proviso , for " 61 " , read " 61 " ;
(ii ) page 237, section 10 ( 3 ) , in the margin, for " 2 of 1973. " read "2 of 1974." ;
( iii ) page 238 , section 13 , for the marginal heading read "Penalties." ; and
(iv) page 239 , section 16 (3 ) , for " successive sessions . " read " succes- sive sessions ; ' .
PRINTED BY THE GENERAL MANAGER , GOVERNMENT OF INDIA PRESS , MINTO ROAD , NEW DELHI AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS , DELHI , 1976