Road Transport Corporations Act, 1950
Bare Act · 1950
An Act to provide for the incorporation and regulation of Road Transport Corporations.
- Act number
- 64 of 1950
- Enacted
- 4 December 1950
- Contents
- 58 sections · 7 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — Preliminary
Chapter II — Road Transport Corporations
- Section 3 – Establishment of Road Transport Corporations in the States
- Section 4 – Incorporation
- Section 5 – Management of Corporation and Board of Directors
- Section 6 – Disqualifications for being chosen as, or for being, a Director of a Corporation (preview)
- Section 7 – Resignation of office by the Chairman or a Director (preview)
- Section 8 – Removal of Chairman and members from office (preview)
- Section 9 – Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of a Corporation (preview)
- Section 10 – Temporary association of persons with a Board for particular purposes (preview)
- Section 11 – Meetings of Boards (preview)
- Section 12 – Power to appoint committees and delegate functions (preview)
- Section 13 – Authentication of orders and other instruments (preview)
- Section 14 – Officers and servants of the Corporation (preview)
- Section 15 – Managing Director, Chief Accounts Officer and Financial Adviser (preview)
- Section 16 – General disqualification of all officers and servants (preview)
- Section 17 – Appointment of Advisory Council (preview)
Chapter IIA — Subsidiary Corporations
Chapter III — Powers And Duties Of Corporation
- Section 18 – General duty of Corporation (preview)
- Section 19 – Powers of Corporation (preview)
- Section 19A – Disposal of unclaimed articles and property (preview)
- Section 19B – Corporation to obtain the approval of the Central Government in certain cases (preview)
- Section 20 – Extension of the operation of the road transport service of a Corporation to areas within another State (preview)
- Section 21 – Carriage of mails (preview)
Chapter IV — Finance, Accounts And Audit
- Section 22 – General principle of Corporation’s finance (preview)
- Section 23 – Capital of the Corporation (preview)
- Section 24 – Additional capital of the Corporation (preview)
- Section 25 – Guarantee by the State Government (preview)
- Section 26 – Borrowing powers (preview)
- Section 27 – Fund of the Corporation (preview)
- Section 28 – Payment of interest and dividend (preview)
- Section 29 – Provision for depreciation and reserve and other funds (preview)
- Section 30 – Disposal of net profits (preview)
- Section 31 – Power of the Corporation to spend (preview)
- Section 32 – Budget (preview)
- Section 33 – Accounts and audit (preview)
Chapter V — Miscellaneous
- Section 34 – Directions by the State Government (preview)
- Section 35 – Returns and reports (preview)
- Section 36 – Power to order inquiries (preview)
- Section 37 – Power to control a part of the undertaking of a Corporation (preview)
- Section 38 – Power to supersede a Corporation (preview)
- Section 39 – Liquidation of a Corporation (preview)
- Section 40 – Compensation for acquisition of road transport undertakings (preview)
- Section 41 – Omitted (preview)
- Section 42 – Power of entry (preview)
- Section 43 – Directors, Officers and other employees of a Corporation to be public servants (preview)
- Section 44 – Power to make rules (preview)
- Section 45 – Power to make regulations (preview)
- Section 45A – Every rule and regulation to be laid before State Legislature (preview)
- Section 46 – Penalty for breach of rules (preview)
- Section 47 – Special provisions relating to Bombay (preview)
- Section 47A – Special provision for reconstitution or dissolution of certain Corporations (preview)
- Section 48 – Transitional provision relating to Bombay State Road Transport Corporation (preview)
Chapter VI — Special Provisions Applicable To The Union Territory Of Delhi
- Section 49 – Prosecution and cognizance of offences (preview)
- Section 50 – Appointment of Magistrates (preview)
- Section 51 – Composition of offences (preview)
- Section 52 – Limitation of time for prosecution (preview)
- Section 53 – Power of magistrate to hear cases in absence of accused when summoned to appear (preview)