The Food Corporations Act, 1964

(1) This Act may be called the Food Corporations Act,1964. (2) It extends to the whole of India 1***. (3) It shall come into force on such date 2as the Central Government may, by notification in theOfficial Gazette, appoint.

In this Act, unless the context otherwise requires,-- (a) "Corporation" means the Food Corporation of India established under section 3; (b) "Food Corporation" means the Food Corporation of India established under section 3 or aState Food Corporation established under section 17; 1[(bb) "foodstuffs" includes edible oilseeds and oils;] (c) "prescribed" means prescribed by rules made under this Act; (d) "scheduled bank" means a bank for the time being included in the Second Schedule to theReserve Bank of India Act, 1934 (2 of 1934); (e) "State Food Corporation" means a State Food Corporation established under section 17; (f) "year" means the financial year.

(1) With effect from such date as the CentralGovernment may, by notification in the Official Gazette, specify in this behalf, the Central Governmentshall establish for the purposes of this Act a Corporation known as the Food Corporation of India. (2) The Corporation shall be a body corporate with the name aforesaid having perpetual successionand a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose ofproperty and to contract, and may, by that name, sue and be sued.

(1) The head office of the Corporation shall be at Madras or at such otherplace as the Central Government may, by notification in the Official Gazette, specify. [1 (2) The Corporation may establish offices or agencies at other places in or outside India: Provided that no such office or agency shall be established at any place outside India without theprevious approval of the Central Government.]

(1) The original capital of the Corporation shall be such sum notexceeding one hundred crores of rupees as the Central Government may fix. (2) The Central Government may from time to time increase the capital of the Corporation to suchextent and in such manner as that Government may determine. (3) Such capital may be provided by the Central Government from time to time after dueappropriation made by Parliament by law for the purpose and subject to such terms and conditions as maybe determined by that Government.