The Road Transport Corporation Act,1950 (Bare Act)/
The Road Transport Corporation Act,1950 (Bare Act)/
Universal Law Publishing
- New Delhi: Universal Law Publishing, 2010.
- ii, 23 p.
THE ROAD TRANSPORT CORPORATIONS ACX 1950
Introduction . . y . 1
Sections
CHAPTER I
PRELIMINARY ,
1. Short title, extent and commencement ' . . . 2
2. Definitions . . . 3
CHAPTER II
ROAD TRANSPORT CORPORATIONS
3. Establishment of Road Transport Corporations in the States . . 3
4. Incorporation . . 4
5. Management of Corporation and Board of Directors . . . 4 6. Disqualification for being chosen as, or being, a Director of a Corporation . . . 4
7. Resignation of office by the Chairman or a Director . . . 5
8. Removal of Chairman and Directors from office . . 5
9. Vacancies amongst members or defect in the coristitution not to invalidate acts or proceedings of a Corporation or its Board . . 6 10. Temporary association of persons with a Board for particular purposes 6
11. Meetings of Board
12. Power to appoint committees and delegate functions.
13. Authentication of orders and other instruments 14. Officers and servants of the Corporation
15. Managing Director, Chief Accounts Officer and Financial Adviser
16. General disqualification of all officers and servants .
17. Appointment of Advisory Council
CHAPTER IIA
SUBSIDIARY CORPORATIONS
17A. Establishment of subsidiary corporation . 8
CHAPTER 111
POWERS AND DUTIES OF CORPORATION
18. General duty of Corporation . . 9 19. Powers of Corporatiftn . ^ ; 9 20. Extension of the operation of the road transport service of a Corporation to areas within anodier State - . , , • »12
21. Carriage of mails .. . . 12
CHAPTER IV
FINANCE, ACCOUNTS AND AUDIT
General principle of Corporation's finance
Capital of the Corporation
Additional capital of the Corporation
Guarantee by the State Government
Borrowing powers
Fund of the Corporation
Payment of interest and dividend
Provision for depreciation and reserve and other funds
Disposal of net profits
Power of the Corporation to spend
Budget
Accounts and audit
CHAPTER V
MISCELLANEOUS
Direction by the State Government
Returns and reports
Power to order inquiries Power to control a part of the undertaking of a Corporation
Power to supersede a Corporation
Liquidation of a Corporation Compensation for acquisition of road transport undertakings
[Repealed]
Power of entry [Jirectors, officers and other employees of a Corporation to be public servants
Power to make rules
Power to make regulations Every rule and regulation to be laid before State Legislature
Penalty for breach of rules Special provisions relating to Bombay Special provision for reconstitution or dissolution of certain Corporations Transitional provision relating to Bombay State Road Transport Corporation
Bare Act
343.54 / UNI/R
THE ROAD TRANSPORT CORPORATIONS ACX 1950
Introduction . . y . 1
Sections
CHAPTER I
PRELIMINARY ,
1. Short title, extent and commencement ' . . . 2
2. Definitions . . . 3
CHAPTER II
ROAD TRANSPORT CORPORATIONS
3. Establishment of Road Transport Corporations in the States . . 3
4. Incorporation . . 4
5. Management of Corporation and Board of Directors . . . 4 6. Disqualification for being chosen as, or being, a Director of a Corporation . . . 4
7. Resignation of office by the Chairman or a Director . . . 5
8. Removal of Chairman and Directors from office . . 5
9. Vacancies amongst members or defect in the coristitution not to invalidate acts or proceedings of a Corporation or its Board . . 6 10. Temporary association of persons with a Board for particular purposes 6
11. Meetings of Board
12. Power to appoint committees and delegate functions.
13. Authentication of orders and other instruments 14. Officers and servants of the Corporation
15. Managing Director, Chief Accounts Officer and Financial Adviser
16. General disqualification of all officers and servants .
17. Appointment of Advisory Council
CHAPTER IIA
SUBSIDIARY CORPORATIONS
17A. Establishment of subsidiary corporation . 8
CHAPTER 111
POWERS AND DUTIES OF CORPORATION
18. General duty of Corporation . . 9 19. Powers of Corporatiftn . ^ ; 9 20. Extension of the operation of the road transport service of a Corporation to areas within anodier State - . , , • »12
21. Carriage of mails .. . . 12
CHAPTER IV
FINANCE, ACCOUNTS AND AUDIT
General principle of Corporation's finance
Capital of the Corporation
Additional capital of the Corporation
Guarantee by the State Government
Borrowing powers
Fund of the Corporation
Payment of interest and dividend
Provision for depreciation and reserve and other funds
Disposal of net profits
Power of the Corporation to spend
Budget
Accounts and audit
CHAPTER V
MISCELLANEOUS
Direction by the State Government
Returns and reports
Power to order inquiries Power to control a part of the undertaking of a Corporation
Power to supersede a Corporation
Liquidation of a Corporation Compensation for acquisition of road transport undertakings
[Repealed]
Power of entry [Jirectors, officers and other employees of a Corporation to be public servants
Power to make rules
Power to make regulations Every rule and regulation to be laid before State Legislature
Penalty for breach of rules Special provisions relating to Bombay Special provision for reconstitution or dissolution of certain Corporations Transitional provision relating to Bombay State Road Transport Corporation
Bare Act
343.54 / UNI/R