PART A- FOOD CORPORATION ACT 1964 Flashcards
The food corporations Act, 1964 commencement date is
10 Dec 1964
Corporation means the Food Corporation of India established under Section _______
3
Food Corporation means The Food Corporation of India established under section 3 or a State Food Corporation established under section______
17
Scheduled Bank means a bank included in the _______ to the Reserve bank of India Act, 1934
2nd
Section 3 of the food corporation act 1964 describe
Establishment of Food Corporation of India
Section 4 (1) of the food corporation act 1964 describe
The head office of the Corporation shall be at Madras
Section 4 (2) of the food corporation act 1964 describe
The corporation may establish offices or agencies at other places in or outside India
Section 5 of the food corporation act 1964 describe
Capital of Corporation shall be such sum not exceeding 100 corores
Section 7 of the food corporation act 1964 describe
Board of Directors
consists 12 members
a. A chairman
b. three directors to represent ministries as follow
(i) Food
(ii) Finance
(iii) Co-operation
c. The managing director of CWC (established under section 3 of the warehousing corporation act,1962
d. A managing Director\
e. Six other directors
Advisory Committees described in Section ________
11
Function of Corporation describe in section________
13
1. Purchase
2. Storage
3. Movement Transport
4. Distribution
5. Sales
of food grains and
Executive committee describe in Section___________
14
consists of 5 Members
a. The chairman of the board
b. The managing director
c. Three other directors, of whome one shall be non -Official
The chairman of the board of directors shall be the chairman of executive committee
Board of Management is described in section__________
16
Board of Management consists of
a. A chairman to be appointed by the board of dirctors of the food corporation of india
b. The senior-most executive officer of
c. Not more than 10 other members to be appointed by the board of directors of the said corporation
Establishment of State food Corporation is described in section _________
17
Section 18 describes Capital of state food corporation is not exceeding
10 crores
State Food Corporation can constitute Executive Committee described in section __________
24
State food Corporation executive committee consist
5 Members
a. The Chairman of the board of directors
b. The General Manager
c. Three other members of the board of directors of whom one shall be a non-official
Maintain proper accounts
annual statement of accounts including profit and loss
and the balance sheet is described in section _________ of 1964
34 (1)
The account of Food Corporation shall be audited annually by the controller and Auditor-General of India is described in section _________ of 1964
34 (2)
The Controller and Auditor-General of India or any person appointed by him for audit have one right to demand the production of books
accounts
connected vouchers and inspect any office of the food is described in section
34 (3)
Annual report on the working of food Corporations is described in section _________ of 1964
35
Declaration of fidelity and Secrecy described in section __________
38
Power to make Rules is described in section ___________
44
Power of Food corporation to make Regulations is described in section ____________
45
last section of act 1964 which describe Validation is __________
46
Food corporation act 1964 consists of 46 Sections
