The Road Transport Corporations Act, 1950

S. No	Contents
1	Short title, extent and commencement
2	Definitions
3	Establishment of Road Transport Corporations in the States
4	Incorporation
5	Management of Corporation and Board of Directors
6	Disqualification for being chosen as, or for being, a member of a Corporation
7	Resignation of office by the Chairman or a member
8	Removal of Chairman and members from office
9	Vacancies amongst members or defect in the constitution
10	Temporary association of persons with a Board for particular purposes
11	Meetings of Boards
12	Power to appoint committees and delegate functions
13	Authentication of orders and other instruments
14	Officers and servants of the Corporation
15	Managing Directors, Chief Accounts Officer and Financial Adviser
16	General disqualification of all officers servants
17	Appointment of Advisory Council
17A	Establishment of subsidiary Corporations
18	General duty of Corporation
19	Powers of Corporation
20	Extension of the operation of the road transport service
21	Carriage of mails
22	General principle of Corporations finance
23	Capital to the Corporation
24	Additional capital of the Corporation
25	Guarantee by the State Government
26	Borrowing powers
27	Fund of the Corporation
28	Payment of interest and dividend
29	Provision for depreciation and reserve and other funds
30	Disposal of net profits
31	Power of the Corporation to spend
32	Budget
33	Accounts and audit
34	Directions by the State Government
35	Returns and reports
36	Power to order inquiries
37	Power to control a part of the undertaking of a Corporation
38	Power to supersede a Corporation
39	Liquidation of a Corporation
40	Compensation for acquisition of road transport undertakings
41	Corporation to be deemed to be a local authority and provision as to third party risks
42	Power of entry
43	Members, officers and servants of a Corporation to be public servants
44	Power to make rules
45	Power to make regulations
46	Penalty for breach of rules
47	Special provisions relating to Bombay
47A	Special provision for reconstitution or dissolution of certain Corporations
48	Transitional provision relating to Bombay State Road Transport Corporation

ACT NO. 64 OF 1950

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

BE it enacted by Parliament as follows:-