{"id":5266,"date":"2025-01-10T18:31:11","date_gmt":"2025-01-10T13:01:11","guid":{"rendered":"https:\/\/indianlawsociety.com\/?p=5266"},"modified":"2025-01-12T15:58:53","modified_gmt":"2025-01-12T10:28:53","slug":"the-food-corporations-act-1964","status":"publish","type":"post","link":"https:\/\/karma.law\/insights\/law-library\/the-food-corporations-act-1964\/","title":{"rendered":"The Food Corporations Act, 1964"},"content":{"rendered":"\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button cs-button-animated\" href=\"https:\/\/www.indiacode.nic.in\/handle\/123456789\/1415?view_type=browse\" target=\"_blank\" rel=\"noreferrer noopener\"><span><span>Download Act<\/span><span>Download Act<\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>Ministry of Consumer Affairs, Food and Public Distribution<\/p><\/blockquote><\/figure>\n\n\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><span class=\"ng-star-inserted\">The\u00a0<\/span><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Food Corporations Act<\/span><\/strong><span class=\"ng-star-inserted\">, 1964, is a crucial piece of legislation that provides for the establishment and regulation of\u00a0<\/span><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Food Corporations<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0in India. This Act aims to ensure the availability of foodgrains and other foodstuffs at fair prices by controlling their production, supply, and distribution. The Act establishes both the Food Corporation of India (FCI) and State Food Corporations (SFCs), outlining their respective functions, powers, and management structures. It plays a vital role in India&#8217;s food security system, facilitating the procurement, storage, and distribution of essential\u00a0<\/span><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">foodstuffs<\/span><\/strong><span class=\"ng-star-inserted\">.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Act Background and Ministry:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The\u00a0<\/span><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Food Corporations Act<\/span><\/strong><span class=\"ng-star-inserted\">, 1964, was enacted by the Parliament of India. It was primarily designed to establish corporations for the purpose of trading in food grains and other foodstuffs. The Act falls under the purview of the Ministry of Consumer Affairs, Food and Public Distribution, Government of India.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Enactment Date, Number of Chapters, Number of Sections:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Act was enacted on December 10, 1964. It is structured into 46 sections, divided into 6 chapters, along with a schedule.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Act Governed By:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Act is primarily governed by the Central Government, which has the power to establish and regulate the Food Corporation of India and State Food Corporations. The implementation of the Act involves the boards of directors of these corporations, their officers, and other employees. The State Governments also play a role in the establishment and management of State Food Corporations.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">On Whom it is Applicable:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Act is applicable to the Food Corporation of India, State Food Corporations, their directors, officers, employees, and shareholders. It also affects individuals and entities involved in the production, supply, distribution, trade, and commerce of foodgrains and other foodstuffs.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Penalties\/Punishments:<\/span><\/strong><br class=\"ng-star-inserted\" \/><span class=\"ng-star-inserted\">The Act does not specify penalties or punishments for non-compliance. Instead, it focuses on establishing clear procedures and responsibilities for the operation of Food Corporations.<\/span><\/p>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Important Pointers:<\/span><\/strong><\/p>\n<ul class=\"ng-star-inserted\" style=\"text-align: justify;\">\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Establishment of Corporations:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act provides for the establishment of both the Food Corporation of India (FCI) and State Food Corporations (SFCs).<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Capital and Shareholders:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act outlines the share capital of these corporations and the institutions that may subscribe to it.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Management Structure:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act defines the management structure of the corporations, including the roles of the board of directors, executive committees, and managing directors.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Functions of Corporations:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act specifies the functions of the corporations, including the purchase, storage, movement, transport, distribution, and sale of foodgrains and other foodstuffs.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Financial Provisions:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act outlines the establishment of funds, borrowing powers, and investment of funds for the corporations.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Accounts and Audit:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act mandates the maintenance of proper accounts and their audit by qualified auditors.<\/span><\/p>\n<\/li>\n<li class=\"ng-star-inserted\">\n<p class=\"ng-star-inserted\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Power to Make Rules and Regulations:<\/span><\/strong><span class=\"ng-star-inserted\">\u00a0The Act empowers the Central Government and the corporations to make rules and regulations to carry out the provisions of the Act.<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\" style=\"text-align: justify;\"><strong class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Act Copy:<\/span><\/strong><\/p>\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/karma.law\/insights\/wp-content\/uploads\/2025\/01\/The-Food-Corporations-Act-1964.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of The Food Corporations Act, 1964.\"><\/object><a id=\"wp-block-file--media-194d7ed7-aa65-4ca1-8bf7-1c1901ac6ad6\" href=\"https:\/\/karma.law\/insights\/wp-content\/uploads\/2025\/01\/The-Food-Corporations-Act-1964.pdf\">The Food Corporations Act, 1964<\/a><a href=\"https:\/\/karma.law\/insights\/wp-content\/uploads\/2025\/01\/The-Food-Corporations-Act-1964.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-194d7ed7-aa65-4ca1-8bf7-1c1901ac6ad6\">Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"The Food Corporations Act, 1964, establishes the framework for Food Corporations in India, aiming to regulate the trade and distribution of foodgrains. This article outlines its key provisions, focusing on the structure and functions of these corporations.","protected":false},"author":1,"featured_media":5804,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[25,930],"tags":[1092,2555,1628,2556,2554,2558,2557],"class_list":{"0":"post-5266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-law-library","8":"category-ministry-of-consumer-affairs-food-and-public-distribution","9":"tag-agricultural-produce","10":"tag-food-corporations-act","11":"tag-food-security","12":"tag-foodgrains","13":"tag-foodstuffs","14":"tag-government-corporations","15":"tag-public-distribution","16":"cs-entry","17":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Food Corporations Act, 1964<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/karma.law\/insights\/law-library\/the-food-corporations-act-1964\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Food Corporations Act, 1964\" \/>\n<meta property=\"og:description\" content=\"The Food Corporations Act, 1964, establishes the framework for Food Corporations in India, aiming to regulate the trade and distribution of foodgrains. 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