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INTRODUCTION
The Andhra Pradesh State Warehousing Corporation was established by the
State Government on 5-8-1958. The Agricultural Produce (Development and
Warehousing) Corporations Act,1956 was repealed and replaced by the
Warehousing Corporations Act,1962 (58 of 1962).
The Andhra Pradesh State Warehousing Corporation is set up by State
Government after notification in the Official Gazette with a previous
approval of the Central Warehousing Corporation under the Warehousing
Corporations Act, 1962 (58) of 1962) which is a Statutory Corporation
established by the Government of Andhra Pradesh under an act of
Parliament. The Central Warehousing Corporation, a Government of
India undertaking and the Government of Andhra Pradesh are the
shareholders holding 50% shares each.
According to Section 20 of the
Warehousing Corporations Act, The general superintendence and management
of the affairs of SWC shall vest with board of directors. The Board
of Directors consists of 5 directors nominated by CWC and 5 directors
nominated by State Government and the Managing Director appointed by the
State Government. The Chairman of the Board shall be appointed by the
State Government from nominated directors with previous approval of
Central Warehousing Corporation.
According to Section 25
of the above Act, there shall be an Executive Committee consisting of
Chairman, Managing Director, two directors nominated by State Government
and one by Central Warehousing Corporation |