Bengal Bonded Warehouse Association Act, 1838

The Bengal Bonded Warehouse Association Act, 1838

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Act ID:	183805
Act Number:	05
Enactment Date:	1838-03-14
Act Year:	1838
Short Title:	The Bengal Bonded Warehouse Association Act, 1838
Ministry:	Ministry of Home Affairs
Department:	Department of States
Enforcement Date:	14-03-1838

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The Bengal Bonded Warehouse Association Act, 1838

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 [Repealed].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 [Repealed].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 [Repealed].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

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