Amendment status not verified — confirm the current text below against the official source.
(1) The authorised share capital of the Central Warehousing Share holders. Corporation shall be twenty crores of rupees divided into two hundred thousand shares of the face value of one thousand rupees each; any shares remaining to be issued may be issued, with the sanction ofthe Central Government from time to time, as and when the Central Warehousing corporation may deem fit. (2) TheCentral government shall subscribe for forty percent ofthe share capital issued at any time and the remaining sixty percent of the share capital may be subscribed for, within such period and in such proportion as may be specified by the Central Govt., by the following institutions, namely : (a) The State Bank; (b) Other scheduled banks; (c) Co-operative societies; (d) Insurance companies, investment trusts and other financial institutions; ’ (e) recognised associations and companies dealing in agricultural produce or any notified commodity. (3) if any portion of the sixty percent, of the share capital referred to in sub-section (2) remains unallotted, it may be subscribed for by the Central Govt. and the State Bank in such proportion as may be agreed upon between them and in default of such agreement, as may be determined by the Central Government. 1 18th March, 1963 vide G S.R. 464, date 16.3.63, See Gazette ) of India extraordinary part-ll Section 3 (i) P. 155.