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The Road Transport Corporations Act, 1950

Central

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

Act number
64 of 1950
Ministry
Ministry of Road Transport and Highways
Enacted
4 Dec 1950

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

58 sections

  1. Section 1Short title, extent and commencement.
  2. Section 2Definitions.
  3. Section 3Establishment of Road Transport Corporations in the States.
  4. Section 4Incorporation.
  5. Section 5Management of Corporation and Board of Directors.
  6. Section 6Disqualifications for being chosen as, or for being, a Director of a Corporation.
  7. Section 7Resignation of office by the Chairman or a Director.
  8. Section 8Removal of Chairman and members from office.
  9. Section 9Vacancies amongst members or defect in the constitution not to invalidate acts or proceedings of a Corporation.
  10. Section 10Temporary association of persons with a Board for particular purposes.
  11. Section 11Meetings of Boards.
  12. Section 12Power to appoint committees and delegate functions.
  13. Section 13Authentication of orders and other instruments.
  14. Section 14Officers and servants of the Corporation.
  15. Section 15Managing Director, Chief Accounts Officer and Financial Adviser.
  16. Section 16General disqualification of all officers and servants.
  17. Section 17Appointment of Advisory Council.
  18. Section 17AEstablishment of subsidiary corporations.
  19. Section 18General duty of Corporation.
  20. Section 19Powers of Corporation.
  21. Section 19ADisposal of unclaimed articles and property.
  22. Section 19BCorporation to obtain the approval of the Central Government in certain cases.
  23. Section 20Extension of the operation of the road transport service of a Corporation to areas within another State.
  24. Section 21Carriage of mails.
  25. Section 22General principle of Corporation’s finance.
  26. Section 23Capital of the Corporation.
  27. Section 24Additional capital of the Corporation.
  28. Section 25Guarantee by the State Government.
  29. Section 26Borrowing powers.
  30. Section 27Fund of the Corporation.
  31. Section 28Payment of interest and dividend.
  32. Section 29Provision for depreciation and reserve and other funds.
  33. Section 30Disposal of net profits.
  34. Section 31Power of the Corporation to spend.
  35. Section 32Budget.
  36. Section 33Accounts and audit.
  37. Section 34Directions by the State Government.
  38. Section 35Returns and reports.
  39. Section 36Power to order inquiries.
  40. Section 37Power to control a part of the undertaking of a Corporation.
  41. Section 38Power to supersede a Corporation.
  42. Section 39Liquidation of a Corporation.
  43. Section 40Compensation for acquisition of road transport undertakings.
  44. Section 41Omitted .
  45. Section 42Power of entry.
  46. Section 43Directors, Officers and other employees of a Corporation to be public servants.
  47. Section 44Power to make rules.
  48. Section 45Power to make regulations.
  49. Section 45AEvery rule and regulation to be laid before State Legislature.
  50. Section 46Penalty for breach of rules.
  51. Section 47Special provisions relating to Bombay.
  52. Section 47ASpecial provision for reconstitution or dissolution of certain Corporations.
  53. Section 48Transitional provision relating to Bombay State Road Transport Corporation.
  54. Section 49Prosecution and cognizance of offences.
  55. Section 50Appointment of Magistrates.
  56. Section 51Composition of offences.
  57. Section 52Limitation of time for prosecution.
  58. Section 53Power of magistrate to hear cases in absence of accused when summoned to appear.