Warehousing Corporations Act : Central Fund. Indian Bare Acts :

Warehousing Corporations Act,1962

Act No : 58

Section : Central Fund.

17. Central Fund. (1) To the General Fund shall be credited-- (a) all sums received by the Central Warehousing Corporation other than those referred to in sub-section (1) of section 16; and (b) such grants and loans as the Central Government may make for the purposes of the General Fund. (2) The General Fund shall be applied-- (a) for meeting the salary, allowances and other remuneration of the officers and other employees of the Central Warehousing Corporation; (b) for meeting the other administrative expenses of the Corporation; and (c) for carrying out the purposes of this Act; 2*[Provided that the General Fund shall not be applied for meeting the expenses referred to in clause (c) or clause (d) of sub- section (2) of section 16.]