Question
Consider the following statements with respect to
Central Warehousing Corporation (CWC):  1) CWC was set up in 1947. 2) CWC is under the administrative control of the Ministry of Heavy Industries and Public Enterprises. 3) CWC has an authorized capital of Rs.100 cr. & a paid-up capital of Rs. 68.02 cr. 4) In 2007, CWC formed a separate subsidiary company named ‘Central Railside Warehouse Company Ltd.  Select the correct option:Solution
Cabinet has approved the merger of ‘Central Railside Warehouse Company Limited’ (CRWC) with its holding enterprise ‘Central Warehousing Corporation’ (CWC). CWC was set up in 1957 to provide for the incorporation & regulation of Warehousing corporations for the purpose of warehousing of agricultural produce. CWC is under the administrative control of the Ministry of Consumer Affairs, Food and Public Distribution. In 2007, CWC formed a separate subsidiary company named ‘Central Rail side Warehouse Company Ltd.’ (CRWC), which is now being merged. Â
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