Amendment status not verified — confirm the current text below against the official source.
(1) (a) (a) (b) (@] (a) (b) (2) (a) (b) (c) To the Warehousing Fund shall be credited — all moneys and other securities transferred to the Central Warehousing corporation under clause of sub-section (2) of section 43 ; such grants and loans as the Central Government may make for the purposes of the Warehousing Fund: and such sums of money as may, from time to time, be realised out of the loans made from the Warehousing Fund or from interest on loans or dividends on investments made from that fund. The Warehousing Fund shall be applied:- for advancing'loans to State governments on such terms and conditions as the Central Warehousing Corporation may deem fit for the purpose of enabling them to subscribe to the share capital of State Warehousing Corporations; for advancing loans and granting subsidies to State Warehousing Corporations or to State Governments on such terms and conditions as the Central Warehousing Corporation may deem fit for the purposes of promoting the Warehousing and storage of agricultural produce and notified commodities otherwise than through co- operative societies. To the General Fund shall be credited — all sums received by the Central Warehousing Corporations other than those referred to in subsection (1) of section 16 ; and such grants and loans as the Central Government may make for the purposes ofthe General Fund. The General Fund shall be applied — for meeting the salary, allowances and other remuneration of the officers and other employees of the Central Warehousing Corporation: for meeting the other administrative expenses of the Corporation; and for carrying out the purposes of this Act. (48) Scanned by CamScanner CHAPTER Il STATE WAREHOUSING CORPORATIONS i State W?renhsflus'ng