Bare ActsThe Warehousing Corporations Act 1962

Section 40

Amendment status not verified — confirm the current text below against the official source.

Winding up of Warehousing Corporations - No provisions of law relating to the winding up of companies or Corporation shall apply to a Warehousing Corporation and any such Corporation shall not be placed in liquidation save by order of the appropriate Government and in such manner as it may direct. In exercise of power conferred by Section 58(4) of M.P. Reorganization Act 2000 read with Section 18(1) and 40 of the Warehousing Corporation Act, 1962 and with the consent of the Central Warehousing Corporation (CWC), the State Government is pleased to hereby constitute the Madhya Pradesh Warehousing & Logistics Corporation w.e.f. 31st March 2003. The Madhya Pradesh State Warehousing Corporation (MPSWC) will cease to do business from the same date in terms of Govt. of India, Ministry of Consumer Affairs, Food & Public Distribution, Department of Food & Public Distribution Order No.7-1/2002-SG dated 27.9.2002. [Notification No.F-12-1/2001/29-2 (1). dtd 26.3.2003]

Section 40 – The Warehousing Corporations Act 1962 | DailyLaw.ai