Amendment status not verified — confirm the current text below against the official source.
intain two funds. The board of directors of the Central Warehousing Corporation shall, on the requisition of one-third of the number of shareholders of the Corporation, call a special meeting of the Corporation. The requisition for a special meeting under sub-section (3) shall state the object of the meeting, and shall be signed by the requisitionists and deposited at the head office of the Corporation, and may consist of several documents in like form each signed by one or more requisitionists. If the Board of Directors of the Central Warehousing Corporation do not proceed within twenty one days from the date of the requisition being so deposited to cause the special meeting to be called, be requisitionists, or a majority of them, may, themselves call the meeting, but in either case, the meeting so called shall be held within three months from the date of the deposit of the requisition. The Central Warehousing Corporation 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 the Central Warehousing Corporation under this Act. The Central Government may, after due appropriation made by Parliament by law in this behalf, pay to the Central Warehousing Corporation for the purposes of either fund maintained by the Corporation (a) by way of grants, such sums of money as the Central Government may consider necessary ; and (b) by way of loans, such sums of money on such terms and conditions as the Central Government may determine. When making a payment under sub-section (1), the Central Government shall specify the fund for the purposes of which the payment is made. The Central Warehousing Corporation shall maintain two separate funds, namely :\— (a) the Central Warehousing Fund (hereinafter referred to as the Warehousing Fund); and (b) the General Fund. (47) Scanned by CamScanner Warehousing fund. General fund.