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The Warehousing (Development and Regulation) Act

An Act to make provisions for the development and regulation of warehouses, negotiability of warehouse receipts, establishment of a Warehousing Development and Regulatory Authority and for matters connected therewith or incidental thereto.
2007
List of Chapters & Sections

  1. PRELIMINARY

  2. 1
     Short title, extent and commencement
  3. 2
     Definitions

  • REGULATION OF WAREHOUSING BUSINESS

  • 3
     Requirement of registration for warehouses issuing negotiable warehouse receipts
  • 4
     Registration of warehousemen
  • 5
     Registration of accreditation agencies

  • WAREHOUSEMEN

  • 6
     Liabilities of warehousemen
  • 7
     Duties of warehousemen
  • 8
     Duties of warehouseman to keep records and accounts of warehouse business
  • 9
     Special powers of warehouseman to deal with perishable and hazardous goods
  • 10
     Lien of warehouseman on goods

  • WAREHOUSE RECEIPTS

  • 11
     Warehouse receipts
  • 12
     Negotiability of warehouse receipts
  • 13
     Negotiation of warehouse receipt by delivery
  • 14
     Transfer of negotiable warehouse receipts without endorsement
  • 15
     Warranties on negotiation of warehouse receipts
  • 16
     Non-liability of the endorser
  • 17
     Negotiation of warehouse receipt not impaired by fraud, mistake or duress
  • 18
     Subsequent negotiation of warehouse receipts
  • 19
     Delivery of goods to be made after due charges are paid
  • 20
     Transfer of non-negotiable receipts
  • 21
     Conclusiveness of negotiable warehouse receipt
  • 22
     Presumption in certain cases
  • 23
     Issue of duplicate receipt

  • THE WAREHOUSING DEVELOPMENT AND REGULATORY AUTHORITY

  • 24
     Establishment and incorporation of Authority
  • 25
     Composition of Authority
  • 26
     Tenure of office of Chairperson and other members
  • 27
     Removal from office
  • 28
     Salary, allowances and other terms and conditions of Chairperson and other members
  • 29
     Bar on future employment of members
  • 30
     Chairperson to be the chief executive of Authority
  • 31
     Meetings of Authority
  • 32
     Vacancies, etc., not to invalidate proceedings of Authority
  • 33
     Officers and employees of Authority
  • 34
     Warehousing Advisory Committee

  • POWERS AND FUNCTIONS OF AUTHORITY

  • 35
     Powers and functions of Authority

  • FINANCE, ACCOUNTS AND AUDIT

  • 36
     Grants by Central Government
  • 37
     Constitution of fund
  • 38
     Accounts and audit
  • 39
     Furnishing of returns, Annual Report, etc., to Central Government

  • POWERS OF CENTRAL GOVERNMENT

  • 40
     Powers of Central Government to issue directions
  • 41
     Power of Central Government to supersede Authority

  • APPEALS

  • 42
     Appeals to Appellate Authority

  • OFFENCES AND PENALTIES

  • 43
     Offences and penalties
  • 44
     Offences by companies
  • 45
     Cognizance of offences by courts

  • MISCELLANEOUS

  • 46
     Chairperson, members, officers and other employees of Authority to be public servants
  • 47
     Protection of action taken in good faith
  • 48
     Delegation of powers
  • 49
     Exemption from tax on wealth and income
  • 50
     Power of Central Government to make rules
  • 51
     Power of Authority to make regulations
  • 52
     Rules and regulations to be laid before Parliament
  • 53
     Act to have overriding effect
  • 54
     Power to remove difficulties
  • 55
     Amendment of Act 2 of 1899