The FOOD CORPORATIONS ACT, 1964

PRELIMINARY

Section 1 — Short title, extent and commencement.

(1) This Act may be called the Food Corporations Act, 1964.

(2) It extends to the whole of India [Omitted] .

(3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Browse all 48 sections
  1. 1.Short title, extent and commencement.
  2. 2.Definitions.
  3. 3.Establishment of Food Corporation of India.
  4. 4.Offices and agencies.
  5. 5.Capital of Corporation.
  6. 6.Management.
  7. 7.Board of directors.
  8. 8.Disqualification for office of director.
  9. 9.Removal and resignation of directors.
  10. 10.Meetings.
  11. 11.Advisory Committees.
  12. 12.Officers and other employees of Corporation.
  13. 12A.Special provisions for transfer of Government employees to the Corporation in certain cases.
  14. 13.Functions of Corporation.
  15. 14.Executive Committee and other commodities.
  16. 15.Member of board or committee thereof not to vote in certain cases.
  17. 16.Boards of Management, their constitution and functions.
  18. 17.Establishment of State Food Corporation.
  19. 18.Capital of State Food Corporation.
  20. 19.Management of State Food Corporation.
  21. 20.Disqualification for office of member of board of directors.
  22. 21.Removal and resignation of members of board of directors.
  23. 22.Meetings.
  24. 23.Appointment of officers, etc. and their conditions of service.
  25. 24.Executive Committee and other committees.
  26. 25.Member of board or committee thereof not to vote in certain cases.
  27. 26.Submission of programme of activities and financial estimates.
  28. 27.Borrowing powers of Food Corporation.
  29. 28.Lending by Food Corporation on security of foodgrains.
  30. 29.Power to enter into agreement for purchase of foodgrains after harvest.
  31. 30.Guarantee by Food Corporation.
  32. 31.Funds of Food Corporation.
  33. 32.Investment of funds.
  34. 33.Allocation of surplus profits.
  35. 34.Accounts and audit.
  36. 35.Annual report on the working of Food Corporations.
  37. 36.Vacancies, etc., not to invalidate acts or proceedings of Food Corporation, etc.
  38. 37.Delegation.
  39. 38.Declaration of fidelity and secrecy.
  40. 39.Indemnity of directors.
  41. 40.Protection of action taken under this Act.
  42. 41.Offences.
  43. 42.Provision relating to income-tax, super-tax, etc.
  44. 43.Winding up of Food Corporation.
  45. 44.Power to make rules.
  46. 45.Power of Food Corporation to make regulations.
  47. 46.Validation.
  48. SCH-THE SCHEDULE.THE SCHEDULE