GHANA FOOD (DISTRIBUTION) CORPORATION INSTRUMENT, 1971 (L.I 714).

GHANA FOOD (DISTRIBUTION) CORPORATION INSTRUMENT, 1971 (L.I 714). IN exercise of the powers conferred on the President by sections 1, 2, 4 and 6 of the Statutory Corporations Act, 1964 (Act 232) this Instrument is made this 16th day of November, 1971.

Legislation

Table of Content

1. Section 1—Establishment of Corporation.

2. Section 2—Compulsory Acquisition of Property for Corporation where there is a Hindrance..

3. Section 3—Objects of the Corporation.

4. Section 4—No Person shall Export Foodstuffs without the Authority of the Corporation.

5.Section 5—Corporation may Delegate its Functions.

6. Section 6—Corporation to Conduct its Affairs on Sound Commercial Lines.

7. Section 7—The Board.

8. Section 8—Qualifications and Tenure of Office of Members of the Board.

9. Section 9—Remuneration of Board Members.

10. Section 10—Meetings of the Board.

11. Section 11—Board to be in Control of General Policy of the Corporation.

12. Section 12—Execution of Contracts, Etc.

13. Section 13—Staff of the Corporation.

14. Section 14—Secretary of Corporation.

15. Section 15—Internal Auditor.

16. Section 16—Board Members not to Sponsor Appointments.

17. Section 17—Capital and Funds of Corporation.

18. Section 18—Staff Welfare Fund.

19. Section 19—Depreciation Fund.

20. Section 20—Corporation to Pay Sums into Consolidated Fund.

21. Section 21—Borrowing Powers.

22. Section 22—Corporation to Keep Proper Books of Account.

23. Section 23—Financial Year of Corporation.

24. Section 24—Audit.

25. Section 25—Annual Report, Etc.

26. Section 26—Minister's Power of Direction.

27. Section 27—Bye-laws or Other Instruments.

28. Section 28—Exemption from Taxes, Etc.

29. Section 29—Interpretation.

30. Section 30—Dissolution of Former Corporation and Transfer of its Assets and Liabilities.

1. Section 1—Establishment of Corporation.

2. Section 2—Compulsory Acquisition of Property for Corporation where there is a Hindrance..

3. Section 3—Objects of the Corporation.

4. Section 4—No Person shall Export Foodstuffs without the Authority of the Corporation.

5.Section 5—Corporation may Delegate its Functions.

6. Section 6—Corporation to Conduct its Affairs on Sound Commercial Lines.

7. Section 7—The Board.

8. Section 8—Qualifications and Tenure of Office of Members of the Board.

9. Section 9—Remuneration of Board Members.

10. Section 10—Meetings of the Board.

11. Section 11—Board to be in Control of General Policy of the Corporation.

12. Section 12—Execution of Contracts, Etc.

13. Section 13—Staff of the Corporation.

14. Section 14—Secretary of Corporation.

15. Section 15—Internal Auditor.

16. Section 16—Board Members not to Sponsor Appointments.

17. Section 17—Capital and Funds of Corporation.

18. Section 18—Staff Welfare Fund.

19. Section 19—Depreciation Fund.

20. Section 20—Corporation to Pay Sums into Consolidated Fund.

21. Section 21—Borrowing Powers.

22. Section 22—Corporation to Keep Proper Books of Account.

23. Section 23—Financial Year of Corporation.

24. Section 24—Audit.

25. Section 25—Annual Report, Etc.

26. Section 26—Minister's Power of Direction.

27. Section 27—Bye-laws or Other Instruments.

28. Section 28—Exemption from Taxes, Etc.

29. Section 29—Interpretation.

30. Section 30—Dissolution of Former Corporation and Transfer of its Assets and Liabilities.

Section 1

Section—1. Establishment of Corporation.

There is hereby established a body corporate to be known as the Ghana Food (Distribution) Corporation in this Instrument referred to as the "Corporation".

Section 2

Section—2. Compulsory Acquisition of Property for Corporation where there is a Hindrance..

Where there is any hindrance to the acquisition by the Corporation of any property in pursuance of its powers under section 3 of the Statutory Corporations Act, 1964 (Act 232), the property may be acquired for the Corporation under the State Property and Contracts Act, 1960 (C.A. 6) or as the case may be, under the State Lands Act, 1962 (Act 125) and each such Act shall, as the case may be, apply in relation to any such acquisition with such modifications as may be necessary to provide for the vesting of the property acquired thereunder in the Corporation and for the cost of such acquisition to be defrayed by the Corporation.

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GHANA FOOD (DISTRIBUTION) CORPORATION INSTRUMENT, 1971 (L.I 714).

Section—1. Establishment of Corporation.

Section—2. Compulsory Acquisition of Property for Corporation where there is a Hindrance..

GHANA FOOD (DISTRIBUTION) CORPORATION INSTRUMENT, 1971 (L.I 714).

Section—1. Establishment of Corporation.

Section—2. Compulsory Acquisition of Property for Corporation where there is a Hindrance..