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Section 24

Warehousing Corporation Act, 1957State Act of Punjab · Act 1 of 1957

(1) Every license granted to a weigher, sampler or grader under Section 23 shall be valid for the prescribed period and may, on application and payment of the prescribed fee, be renewed from time to time for the prescribed period by prescribed authority.

(2)The prescribed authority may cancel any such licence after communicating to the licensee the grounds on which it is proposed to take action and giving him a reasonable opportunity of showing cause why the proposed action should not be taken.

(3) The prescribed authority may suspend any such licence without such notice after recording in writing its reasons therefor.

(4) The holder of any such licence shall, on the expiry thereof or the receipt of an order suspending or cancelling it, return the licence to the prescribed authority.

25. Every warehouseman shall provide facilities for given for weighing, sampling and grading any goods deposited or to be deposited in his warehouse.

CHAPTER V WAREHOUSE RECEIPT

26. For the goods deposited in his warehouse by each depositor, the warehouseman which shall contain full particulars of the goods and be in the prescribed form.

Provisions regarding such licences.

Facilities to be given for weighing goods,etc.

Receipt to be issued.

27. The receipt issued by a warehouseman shall, unless it is otherwise specified thereon, be transferable by endorsement and shall entitle its lawful holder to receive the goods specified in it on the same terms and conditions as the original depositor.

Explanation: - The provisions of this section shall not apply to any receipt issued by a person who has not obtained a licence under this Act.

28. If a receipt is lost, destroyed or damaged, the warehouseman shall, on application by the depositor and payment by him of the prescribed fee, issue a duplicate receipt on such conditions as he may think fit to impose, being conditions included in the rules made under this Act.

CHAPTER-VI MISCELLANEOUS

Where this provision sits

ActWarehousing Corporation Act, 1957
Section24
JurisdictionState of Punjab
StatusIn force as published by the source

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