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The Bengal Bonded Warehouse Association Act, 1838

Central
Act number
5 of 1838
Ministry
Ministry of Home Affairs
Department
Department of States
Enacted
14 Mar 1838

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.

39 sections

  1. Section 1Incorporation.
  2. Section 2Power to sue and be sued, and to acquire, hold and transfer property.
  3. Section 3Capital Stock and shares.
  4. Section 4Registering of names of proprietors. Register to be open to inspection.
  5. Section 5Share-certificates.
  6. Section 6Transfer of shares.
  7. Section 7Proprietors of shares to be members of Association.
  8. Section 8First Directors of Association.
  9. Section 9Removal and election of Directors.
  10. Section 10Directors to go out by rotation.
  11. Section 11Election of successor, when Director ceases to be so otherwise than by rotation.
  12. Section 12[Repealed].
  13. Section 13Directors to be residents of Bengal Presidency.
  14. Section 14[Repealed].
  15. Section 15Adjournment of ordinary meetings.
  16. Section 16Extraordinary general meetings.
  17. Section 17Voting at general meetings Qualification for voting.
  18. Section 18Number of votes to which proprietors entitled.
  19. Section 19Votes of joint proprietors shares.
  20. Section 20Voting by proxy.
  21. Section 21Authority of Directors.
  22. Section 22Calls for share money.
  23. Section 23Interest to run on each call. Application of dividend in satisfaction of unpaid calls.
  24. Section 24Power to refuse to register transfer by defaulting proprietor. Power to sell shares to satisfy calls, and issue fresh certificates.
  25. Section 25Extension of Act 25 of 1836 to warehouses of Association.
  26. Section 26Power to give general security for payment of import and export duties.
  27. Section 27Rates for warehousing.
  28. Section 28Certificates of deposit, transferable by endorsement.
  29. Section 29Suits against Association.
  30. Section 30Joint Stock of Association.
  31. Section 31Individual members not to be liable.
  32. Section 32[Repealed].
  33. Section 33Increase of Capital Stock.
  34. Section 34Option to original proprietors to subscribe in first instance.
  35. Section 35Provisions of Act to apply to additional Stock.
  36. Section 36East India Company to have right of pre-emption.
  37. Section 37Dissolution of Association by order of the Governor General in Council.
  38. Section 38Dissolution of Association by resolution of proprietors.
  39. Section 39Division of property on dissolution.