Ministry of Road Transport and Highways
The Road Transport Corporations Act, 1950, was enacted to provide for the incorporation and regulation of Road Transport Corporations in the States. This act aims to facilitate the development of efficient and coordinated road transport services in India. It outlines the structure, powers, and functions of these corporations.
Act Background and Ministry:
The Road Transport Corporations Act, 1950, was enacted to provide for the incorporation and regulation of Road Transport Corporations in the States. This act aims to facilitate the development of efficient and coordinated road transport services in India. While the Act does not specify a particular ministry, it falls under the purview of the Ministry of Road Transport and Highways in India.
Enactment date, number of chapters, number of sections:
The Road Transport Corporations Act, 1950, was enacted on December 4, 1950. The Act is structured into 6 chapters and 53 sections, along with a schedule. These sections cover various aspects of road transport corporations, including their establishment, management, powers, financial matters, and miscellaneous provisions.
Governed By:
The Act is primarily governed by the provisions outlined within its sections. It establishes the framework for the constitution of Road Transport Corporations, their management by a Board of Directors, their financial powers, and their relationship with the State Government. The Act is also supplemented by rules and regulations framed by the State Governments.
On Whom It Is Applicable:
The Road Transport Corporations Act, 1950, is applicable to Road Transport Corporations established by State Governments, their Boards of Directors, officers, and employees. It also applies to individuals and entities involved in the operation of road transport services in India.
Penalties/Punishments:
The Act prescribes penalties for non-compliance with its provisions and the rules made thereunder. These include:
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Fine which may extend to five hundred rupees for breach of rules.
Important Pointers:
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The Act empowers State Governments to establish Road Transport Corporations.
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It outlines the composition and functions of the Board of Directors of these corporations.
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The Act provides for the management and administration of the corporations, including the appointment of officers and employees.
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It specifies the financial powers of the corporations, including the power to raise capital and borrow money.
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The Act ensures that the corporations are accountable for their finances and operations.
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The State Government has the power to issue directions to the corporations and to supersede them in certain cases.
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The Act also includes provisions for the protection of actions taken in good faith.
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The Act has been amended over time to adapt to changing needs and circumstances.
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The Act empowers the State Government to make rules and the Corporation to make regulations to implement the provisions of the Act.
Act Copy: