The Bengal Bonded Warehouse Association Act, 1854
Central · 1854
- S. 1Repeal ss
- S. 2Business to be managed by six Directors, three to be quorum
- S. 3Directors to go out of office before annual meeting of May in new election to be made then, and old Directors to be re-
- S. 4Qualification of Director, 5 shares in his own right
- S. 5Ordinary General Meeting to be held twice a year, and when : and may declare dividend, but not out of capital
- S. 6Empowers Association to make By-laws
- S. 7Section 7 allows the Bengal Bonded Warehouse Association to be dissolved after five years, but no order can be made until after March 14, 1860.