Ministry of Consumer Affairs, Food and Public Distribution
The Food Corporations Act, 1964, is a crucial piece of legislation that provides for the establishment and regulation of Food Corporations in India. This Act aims to ensure the availability of foodgrains and other foodstuffs at fair prices by controlling their production, supply, and distribution. The Act establishes both the Food Corporation of India (FCI) and State Food Corporations (SFCs), outlining their respective functions, powers, and management structures. It plays a vital role in India’s food security system, facilitating the procurement, storage, and distribution of essential foodstuffs.
Act Background and Ministry:
The Food Corporations Act, 1964, was enacted by the Parliament of India. It was primarily designed to establish corporations for the purpose of trading in food grains and other foodstuffs. The Act falls under the purview of the Ministry of Consumer Affairs, Food and Public Distribution, Government of India.
Enactment Date, Number of Chapters, Number of Sections:
The Act was enacted on December 10, 1964. It is structured into 46 sections, divided into 6 chapters, along with a schedule.
Act Governed By:
The Act is primarily governed by the Central Government, which has the power to establish and regulate the Food Corporation of India and State Food Corporations. The implementation of the Act involves the boards of directors of these corporations, their officers, and other employees. The State Governments also play a role in the establishment and management of State Food Corporations.
On Whom it is Applicable:
The Act is applicable to the Food Corporation of India, State Food Corporations, their directors, officers, employees, and shareholders. It also affects individuals and entities involved in the production, supply, distribution, trade, and commerce of foodgrains and other foodstuffs.
Penalties/Punishments:
The Act does not specify penalties or punishments for non-compliance. Instead, it focuses on establishing clear procedures and responsibilities for the operation of Food Corporations.
Important Pointers:
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Establishment of Corporations: The Act provides for the establishment of both the Food Corporation of India (FCI) and State Food Corporations (SFCs).
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Capital and Shareholders: The Act outlines the share capital of these corporations and the institutions that may subscribe to it.
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Management Structure: The Act defines the management structure of the corporations, including the roles of the board of directors, executive committees, and managing directors.
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Functions of Corporations: The Act specifies the functions of the corporations, including the purchase, storage, movement, transport, distribution, and sale of foodgrains and other foodstuffs.
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Financial Provisions: The Act outlines the establishment of funds, borrowing powers, and investment of funds for the corporations.
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Accounts and Audit: The Act mandates the maintenance of proper accounts and their audit by qualified auditors.
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Power to Make Rules and Regulations: The Act empowers the Central Government and the corporations to make rules and regulations to carry out the provisions of the Act.
Act Copy: