THE ROAD TRANSPORT CORPORATIONS ACT, 1950

ACT NO. 64 OF 1950

4th December, 1950

An Act to provide for the incorporation and regulation of Road Transport Corporations.

S.Chapter I PRELIMINARY

S.1 Short title, extent and commencement

S.2 Definitions

S.Chapter II ROAD TRANSPORT CORPORATIONS

S.3 Establishment of Road Transport Corporations in the States

S.4 Incorporation

S.5 Management of Corporation and Board of Directors

S.6 Disqualifications for being chosen as, or for being, a Director of a Corporation

S.7 Resignation of office by the Chairman or a Director

S.8 Removal of Chairman and members from office

S.9 Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of a Corporation

S.10 Temporary association of persons with a Board for particular purposes

S.11 Meetings of Board

S.12 Power to appoint committees and delegate functions

S.13 Authentication of orders and other instruments

S.14 Officers and servants of the Corporation

S.15 Managing Director, Chief Accounts Officer and Financial Adviser

S.16 General disqualification of all officers and servants

S.17 Appointment of Advisory Council

S.Chapter IIA SUBSIDIARY CORPORATIONS

S.17A Establishment of subsidiary corporations

S.Chapter III POWERS AND DUTIES OF CORPORATION

S.18 General duty of Corporation

S.19 Powers of Corporation

S.19A Disposal of unclaimed articles and property

S.19B Corporation to obtain the approval of the Central Government in certain cases

S.20 Extension of the operation of the road transport service of a Corporation to areas within another State

S.21 Carriage of mails

S.Chapter IV FINANCE, ACCOUNTS AND AUDIT

S.22 General principle of Corporation’s finance

S.23 Capital of the Corporation

S.24 Additional capital of the Corporation

S.25 Guarantee by the State Government

S.26 Borrowing powers

S.27 Fund of the Corporation

S.28 Payment of interest and dividend

S.29 Provision for depreciation and reserve and other funds

S.30 Disposal of net profits

S.31 Power of the Corporation to spend

S.32 Budget

S.33 Accounts and audit

S.Chapter V MISCELLANEOUS

S.34 Directions by the State Government

S.35 Returns and reports

S.36 Power to order inquiries

S.37 Power to control a part of the undertaking of a Corporation

S.38 Power to supersede a Corporation

S.39 Liquidation of a Corporation

S.40 Compensation for acquisition of road transport undertakings

S.41 [Omitted]

S.42 Power of entry

S.43 Directors, Officers and other employees of a Corporation to be public servants

S.44 Power to make rules

S.45 Power to make regulations

S.45A Every rule and regulation to be laid before State Legislature

S.46 Penalty for breach of rules

S.47 Special provisions relating to Bombay

S.47A Special provision for reconstitution or dissolution of certain Corporations

S.48 Transitional provision relating to Bombay State Road Transport Corporation

S.Chapter VI SPECIAL PROVISIONS APPLICABLE TO THE UNION TERRITORY OF DELHI

S.49 Prosecution and cognizance of offences

S.50 Appointment of Magistrates

S.51 Composition of offences

S.52 Limitation of time for prosecution

S.53 Power of magistrate to hear cases in absence of accused when summoned to appear

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