Act 37 of 2007

The Warehousing (Development and Regulation) Act, 2007

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.

  • Ministry of Consumer Affairs, Food and Public Distribution
  • Department of Food and Public Distribution
  • Enacted 2007-09-19
  • 55 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Requirement of registration for warehouses issuing negotiable warehouse receipts. Read
4 Registration of warehousemen. Read
5 Registration of accreditation agencies. Read
6 Liabilities of warehousemen. Read
7 Duties of warehousemen. Read
8 Duties of warehouseman to keep records and accounts of warehouse business. Read
9 Special powers of warehouseman to deal with perishable and hazardous goods. Read
10 Lien of warehouseman on goods. Read
11 Warehouse receipts. Read
12 Negotiability of warehouse receipts. Read
13 Negotiation of warehouse receipt by delivery. Read
14 Transfer of negotiable warehouse receipts without endorsement. Read
15 Warranties on negotiation of warehouse receipts. Read
16 Non-liability of the endorser. Read
17 Negotiation of warehouse receipt not impaired by fraud, mistake or duress. Read
18 Subsequent negotiation of warehouse receipts. Read
19 Delivery of goods to be made after due charges are paid. Read
20 Transfer of non-negotiable receipts. Read
21 Conclusiveness of negotiable warehouse receipt. Read
22 Presumption in certain cases. Read
23 Issue of duplicate receipt. Read
24 Establishment and incorporation of Authority. Read
25 Composition of Authority. Read
26 Tenure of office of Chairperson and other members. Read
27 Removal from office. Read
28 Salary, allowances and other terms and conditions of Chairperson and other members. Read
29 Bar on future employment of members. Read
30 Chairperson to be the chief executive of Authority. Read
31 Meetings of Authority. Read
32 Vacancies, etc., not to invalidate proceedings of Authority. Read
33 Officers and employees of Authority. Read
34 Warehousing Advisory Committee. Read
35 Powers and functions of Authority. Read
36 Grants by Central Government. Read
37 Constitution of fund. Read
38 Accounts and audit. Read
39 Furnishing of returns, Annual Report, etc., to Central Government. Read
40 Powers of Central Government to issue directions. Read
41 Power of Central Government to supersede Authority. Read
42 Appeals to Appellate Authority. Read
43 Offences and penalties. Read
44 Offences by companies. Read
45 Cognizance of offences by courts. Read
46 Chairperson, members, officers and other employees of Authority to be public servants. Read
47 Protection of action taken in good faith. Read
48 Delegation of powers. Read
49 Exemption from tax on wealth and income. Read
50 Power of Central Government to make rules. Read
51 Power of Authority to make regulations. Read
52 Rules and regulations to be laid before Parliament. Read
53 Act to have overriding effect. Read
54 Power to remove difficulties. Read
55 Amendment of Act 2 of 1899. Read
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