Road Transport Corporation Act, 1950

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S.1 Short title, extent and commencement

S.2 Definitions

S.3 Establishment of Road Transport Corporations in the States

S.4 Incorporation

S.5 Management of Corporation and Board of Directors

S.6 Disqualification for being chosen as, or being, a1[Director of a Corporation]

S.7 Resignation of office by the Chairman or a1[Director]

S.8 Removal of Chairman and1[Directors] from office

S.9 Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of a1[Corporation or its Board]

S.10 Temporary association of persons with a1[Board] for particular purposes

S.11 Meetings of1[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.18 Establishment of subsidiary corporation

S.19 General duty of Corporation

S.20 Powers of Corporation

S.21 Extension of the operation of the road transport service of a Corporation to areas within another State

S.22 Carriage of mails

S.23 General principle of Corporation's finance

S.24 Capital of the Corporation

S.25 Additional capital of the Corporation

S.26 Guarantee by the State Government

S.27 Borrowing powers

S.28 Fund of the Corporation

S.29 Payment of interest and dividend

S.30 Provision for depreciation and reserve and other funds

S.31 Disposal of net profits

S.32 Power of the Corporation to spend

S.33 Budget

S.34 Accounts and audit

S.35 Direction by the State Government

S.36 Returns and reports

S.37 Power to order inquiries

S.38 Power to control a part of the undertaking of a Corporation

S.39 Power to supersede a Corporation

S.40 Liquidation of a Corporation

S.41 Compensation for acquisition of road transport undertakings

S.42 Corporation to be deemed to be a local authority and provision as to third party risks

S.43 Power of entry

S.44 1[Directors],2[officers and other employees] of a Corporation to be public servants

S.45 Power to make rules

S.46 Power to make regulations

S.47 Every rule and regulation to be laid before State Legislature

S.48 Penalty for breach of rules

S.49 Special provisions relating to Bombay

S.50 Special provision for reconstitution or dissolution of certain Corporations

S.51 Transitional provision relating to Bombay State Road Transport Corporation

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