2019 (10) TMI 1390

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....ished under Section 3 of the Warehousing Corporations Act, 1962. 1.2 The 100% of equity and control of the Central Warehousing Corporation lies with the Government of India. However he later clarified, vide his letter dated 10.10.2019 that equity share of Government of India is 55.02% as against 100% stated in written statement. The management of the Applicant is regulated as per the Section 20 of the Warehousing Corporations Act, 1962 under which five Directors are nominated by Central Warehousing Corporation and five Directors are nominated by Government of Haryana alongwith a Managing Director. The decisions and functions performed by the applicant are on the basis of orders given by the Government of India and/or Government of Haryan....

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....tate Legislature; or (ii) established by any Government, with 90% or more participation by way of equity or control, to carry out a function entrusted by the Central Government, State Government, Union Territory or a local authority. 3.2 In order to qualify for a Government Entity the applicant must have been setup by an Act of the Legislature of the Union or of the State or it must have been established by any of the Governments i.e. the Union or of the State. It is a matter of fact that the Haryana Warehousing Corporation is established under Section 18 of the Warehousing Corporation Act, 1962 which is an Act of Parliament. But the definition also provides for 90% or more participation by way of equity or control of t....