THE ROAD TRANSPORT CORPORATIONS ACT, 1950

ACT NO. 64 OF 1950 · Enacted [4th December, 1950.] · 58 sections

PRELIMINARY

Section 1.Short title, extent and commencement.

Section 2.Definitions.

ROAD TRANSPORT CORPORATIONS

Section 3.Establishment of Road Transport Corporations in the States.

Section 4.Incorporation.

Section 5.Management of Corporation and Board of Directors.

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

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

Section 8.Removal of Chairman and members from office.

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

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

Section 11.Meetings of Boards.

Section 12.Power to appoint committees and delegate functions.

Section 13.Authentication of orders and other instruments.

Section 14.Officers and servants of the Corporation.

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

Section 16.General disqualification of all officers and servants.

Section 17.Appointment of Advisory Council.

SUBSIDIARY CORPORATIONS

Section 17A.Establishment of subsidiary corporations.

POWERS AND DUTIES OF CORPORATION

Section 18.General duty of Corporation.

Section 19.Powers of Corporation.

Section 19A.Disposal of unclaimed articles and property.

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

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

Section 21.Carriage of mails.

FINANCE, ACCOUNTS AND AUDIT

Section 22.General principle of Corporation’s finance.

Section 23.Capital of the Corporation.

Section 24.Additional capital of the Corporation.

Section 25.Guarantee by the State Government.

Section 26.Borrowing powers.

Section 27.Fund of the Corporation.

Section 28.Payment of interest and dividend.

Section 29.Provision for depreciation and reserve and other funds.

Section 30.Disposal of net profits.

Section 31.Power of the Corporation to spend.

Section 32.Budget.

Section 33.Accounts and audit.

MISCELLANEOUS

Section 34.Directions by the State Government.

Section 35.Returns and reports.

Section 36.Power to order inquiries.

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

Section 38.Power to supersede a Corporation.

Section 39.Liquidation of a Corporation.

Section 40.Compensation for acquisition of road transport undertakings.

Section 41.Omitted.

Section 42.Power of entry.

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

Section 44.Power to make rules.

Section 45.Power to make regulations.

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

Section 46.Penalty for breach of rules.

Section 47.Special provisions relating to Bombay.

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

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

SPECIAL PROVISIONS APPLICABLE TO THE UNION TERRITORY OF DELHI

Section 49.Prosecution and cognizance of offences.

Section 50.Appointment of Magistrates.

Section 51.Composition of offences.

Section 52.Limitation of time for prosecution.

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