Section No :

1980 Revised version CO-OPERATIVE WHOLESALE ESTABLISHMENT Marginal Notes 1. This Act may be cited as the Co-operative Wholesale Establishment Act. 2. Constitution and general objects of the Establishment. 2A. Powers of the Establishment.[2, 38 of 1966.] 2B. Special provisions as to directors of companies referred to in section 2A. [2,38 of 1966.] 2C. Report of investments,&c, in companies to Parliament. [2,38 of 1966.] 3. General control of the Establishment. 4. The board to be a body corporate. 4A. Seal of the board. [ 3, 38 of 1966.] 5. Constitution of the board and appointment of chairman and deputy chairman of the board, [ 2, Law 31 of 1978.] 6. Term of office and qualification of members. 7. Removal of a member by the Minister. 8. Casual vacancies among members. 9. Acting appointments. 10. Remuneration of members. 11. Appointments to the staff of the board. 11A. Protection for employees of the board for acts done in good faith. [4, 12 of 1969.] 12. Transfer to board of stocks, equipment, c, of the Cooperative Wholesale Establishment heretofore maintained by Government. 13. Certain contracts of Government deemed to be contracts of the board. 14. Advances to the board by Government. 15. Power of board to borrow money. 16. Receipts and payments. 17. Accounts of the board. 18. Profit and loss account and balance sheet for each year. 19. Audit of accounts of the board. [6, 12 of 1969.] 20. The Auditor-Generals report. [7,12 of 1969.] 21. Annual accounts with Auditor-General's report to be transmitted to Minister. [8,12 of 1969.] 22. Annual accounts, Auditor-General's report, and report of the board to be laid before meeting of representatives of certain cooperative societies. 23. Receipts on behalf of the board. 24. Application of net annual profits, [9, 12 of 1969.] 26. Disputes to be referred to arbitration. 27. Nomination of arbitrators. 28. Selection of umpire. 29. Award to be final. 30. Costs in arbitration proceedings. 31. Enforcement of award. 32. Compulsory acquisition of lands and buildings. 33. Minister's power to give directions to the board, and the furnishing of information by the board to the Minister. 34. Power to hold inquiry into the working of the board- 35. Dissolution of the board. 36. Liquidator's powers. 37. Closure of liquidation. 38. Application of the Companies Ordinance. 39. Exemption of the board from stamp duty and registration fees. 40. Regulations. 41. Interpretation.