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Start Free TrialLegal Tender (Inscribed Notes) Act, 1964 Section 1
Title: Short Title and Extent
State: Central
Year: 1964
(1) This Act may be called the Legal Tender (Inscribed Notes) Act, 1964. (2) It extends to the whole of India.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 40
Title: Protection of Action Taken Under This Act
State: Central
Year: 1964
No suit or other legal proceeding shall lie against a Food Corporation or any member of the board of directors thereof or any officer or other employee thereof or any member of a Board of Management or its staff or any other person authorised by a Food Corporation or a Board of Management to discharge any functions under this Act for any loss or damage caused or likely to be caused by anything which is in good faith done or intended to be done in pursuance of this Act.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 22
Title: Meetings
State: Central
Year: 1964
(1) The board of directors of a State Food Corporation shall meet at such times and places and shall observe such rules of procedure in regard to the transaction of business at its meetings (including the quorum at meetings) as may be provided by regulations made by that Corporation under this Act. (2) The Chairman of the board of directors or, if for any reason he is unable to attend any meeting, any other member of the board elected by the members of the board present at the meeting, shall preside at the meeting. (3) All questions which come up before any meeting of the board of directors shall be decided by a majority of the votes of the members present and voting, and in the event of an equality of votes, the chairman or in his absence, the person presiding shall have and exercise a second or casting vote.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 23
Title: Appointment of Officers, Etc. and their Conditions of Service
State: Central
Year: 1964
(1) A State Food Corporation may appoint such officers and other employees as it considers necessary for the efficient performance of its functions. (2) Every person employed by a State Food Corporation under this Act shall be subject to such conditions of service and shall be entitled to such remuneration as may be determined by regulations made by the Corporation under this Act.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 25
Title: Member of Board or Committee Thereof Not to Vote in Certain Cases
State: Central
Year: 1964
A member of the board of directors of a State food Corporation or a committee thereof who has any direct or indirect pecuniary interest in any matter coming up for consideration at a meeting of the board of directors or committee thereof, shall as soon as possible after relevant circumstances have come to his knowledge, disclose the nature of his interest at such meeting and the disclosure shall be recorded in the minutes of the board or the committee, as the case may be, and the member shall not take any part in any deliberation or decision of the board or the committee with respect to that matter.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 28
Title: Lending by Food Corporation on Security of Food Grains
State: Central
Year: 1964
A Food Corporation may lend or advance money to any person engaged in the production of food grains upon the security of food grains or such other security as may be prescribed, for any purpose connected with such production.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 31
Title: Funds of Food Corporation
State: Central
Year: 1964
(1) A Food Corporation shall have its own fund and all receipts of the Corporation shall be credited thereto and all payments of the Corporation shall be met there from. (2) Such fund shall be applied for meeting all administrative expenses of the Food Corporation and for carrying out the purposes of this Act.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 37
Title: Delegation
State: Central
Year: 1964
A Food Corporation may, by general or special order in writing, delegate to the Chairman or any other member of the board of directors or the Secretary or other officer of the Corporation, subject to such conditions and limitations, if any, as may be specified in the order, such of its powers and functions under this Act as it may deem necessary.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 38
Title: Declaration of Fidelity and Secrecy
State: Central
Year: 1964
Every director, member of an Advisory Committee or other committee, auditor, officer or other employee of a Food Corporation and every member of a Board of Management and its staff shall, before entering upon his duties, make a declaration of fidelity and secrecy in the form set out in the Schedule.
View Complete Act List Judgments citing this sectionFood Corporations Act, 1964 Section 39
Title: Indemnity of Directors
State: Central
Year: 1964
(1) Every member of the board of directors of a Food Corporation and of a Board of Management shall be indemnified by the Corporation against all losses and expenses incurred by him in the discharge of his duties except such as are caused by his own wilful act or default. (2) A member of the board of directors of a Food Corporation or a Board of Management shall not be responsible for any other member or for any officer or other employee of the Corporation or Board of Management or for any loss or expense resulting to the Corporation from the insufficiency or deficiency of value of, or title to, any property or security acquired or taken on behalf of the Corporation in good faith, or by the insolvency or wrongful act of any person under obligation to the Corporation or by anything done in good faith, in the execution of the duties of his office or in relation thereto.
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