Home India Ministry of Consumer Affairs, Food and Public Distribution Enhancement of Authorized capital of FCI...
Date: 16-Feb-2024 Category: Extra Ordinary State: Union Government Country: India

Enhancement of Authorized capital of FCI

Issued by Ministry of Consumer Affairs, Food and Public Distribution · Department of Food and Public Distribution

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Executive Summary & Key Takeaways

What it means

  • The notification increases the authorized capital of the Food Corporation of India (FCI).

Key Changes

  • The authorized capital of the Food Corporation of India is increased from ₹10,000 crore to ₹21,000 crore.
  • This notification supersedes the earlier notification S.O. 77(E) dated 3rd January 2020, which was published on 6th January 2020.

Impact Analysis

Food Corporation of India (FCI)

  • Action Item: FCI to revise its financial strategies and operational plans to effectively utilize the increased capital.

Government of India

  • Action Item: Relevant ministries to monitor the utilization of the increased capital and its impact on food security.

Farmers

  • Action Item: FCI to ensure efficient and transparent procurement processes to maximize benefits for farmers.

Consumers

  • Action Item: Monitor the impact on food prices and availability to ensure consumer benefits.

Key Entities Referenced

Food Corporation of India (FCI): A statutory body established under the Food Corporations Act, 1964, responsible for food grain procurement, storage, and distribution. Ministry of Consumer Affairs, Food and Public Distribution: The central ministry responsible for policies related to food security, consumer affairs, and public distribution. Food Corporations Act, 1964: The legislation that established the Food Corporation of India and governs its operations. S.O. 77(E), dated 3rd January 2020: The superseded notification regarding the authorized capital of the Food Corporation of India.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-16022024-252174 CG-DxLx-xEG-I1D6H0x2x2x0 24-252174 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 685] िई दिल्ली, िुक्र्ार, फरर्री 16, 2024/माघ 27, 1945 No. 685] NEW DELHI, FRIDAY, FEBRUARY 16, 2024/MAGHA 27, 1945 उपभोक्ता मामल,े खाद्य और सार्िव जिक जर्तरण मत्रं ालय (खाद्य और सार्िव जिक जर्तरण जर्भाग) अजधसचू िा िई दिल्ली, 16 फरर्री, 2024 का.आ. 721(अ).—केन्द्रीय सरकार, खाद्य जिगम अजधजियम, 1964 (1964 का 37) की धारा 5 की उपधारा (2) के उपबंधो के अिुसरण म ें और भारत के रािपत्र, असाधारण, भाग II, खंड 3, उपखंड (ii) तारीख 6 ििर्री 2020 में प्रकाजित, भारत सरकार, उपभोक्ता मामल,े खाद्य और सार्विजिक जर्तरण मंत्रालय की अजधसूचिा संख्याक का. आ. 77 (अ) तारीख 3 ििर्री 2020 को अजधक्ांत करत े हुए, भारतीय खाद्य जिगम की प्राजधकृत पिूूँ ी को िस हिार करोड़ रुपए स े बढ़ाकर इक्कीस हिार करोड़ रुपए करती ह ै। [फा. स.ं 11019/1/2017-एफसी-II एर् ंIII (भाग)] ऋचा िमा,व अपर सजचर् 1068 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION (Department of Food and Public Distribution) NOTIFICATION New Delhi, the 16th February, 2024 S.O. 721(E).—In pursuance of the provisions of sub-section (2) of section 5 of the Food Corporations Act, 1964 (37 of 1964), and in supersession of the notification of the Government of India in the Ministry of Consumer Affairs, Food and Public Distribution number S.O. 77(E), dated the 3rd January, 2020 published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated the 6th January, 2020, the Central Government hereby increases the authorised capital of the Food Corporation of India from ten thousand crore rupees to twenty-one thousand crore rupees. [F. No. 11019/1/2017-FC-II&III(Pt)] RICHA SHARMA, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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