The Warehousing (Development and Regulation) Act, 2007
Central Act · Act 37 of 200755 provisions
The enactment
| Long title | 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. |
|---|---|
| Type | Act |
| Citation | Act 37 of 2007 |
| Year | 2007 |
| Jurisdiction | Central |
| Ministry | Ministry of Consumer Affairs, Food and Public Distribution |
| Status | In force as published by the source |
| Provisions published | 55 |
| Subjects | consumer |
Full text, provision by provision
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- Section 1 Short title, extent and commencement.
- Section 2 Definitions.
- Section 3 Requirement of registration for warehouses issuing negotiable warehouse receipts.
- Section 4 Registration of warehousemen.
- Section 5 Registration of accreditation agencies.
- Section 6 Liabilities of warehousemen.
- Section 7 Duties of warehousemen.
- Section 8 Duties of warehouseman to keep records and accounts of warehouse business.
- Section 9 Special powers of warehouseman to deal with perishable and hazardous goods.
- Section 10 Lien of warehouseman on goods.
- Section 11 Warehouse receipts.
- Section 12 Negotiability of warehouse receipts.
- Section 13 Negotiation of warehouse receipt by delivery.
- Section 14 Transfer of negotiable warehouse receipts without endorsement.
- Section 15 Warranties on negotiation of warehouse receipts.
- Section 16 Non-liability of the endorser.
- Section 17 Negotiation of warehouse receipt not impaired by fraud, mistake or duress.
- Section 18 Subsequent negotiation of warehouse receipts.
- Section 19 Delivery of goods to be made after due charges are paid.
- Section 20 Transfer of non-negotiable receipts.
- Section 21 Conclusiveness of negotiable warehouse receipt.
- Section 22 Presumption in certain cases.
- Section 23 Issue of duplicate receipt.
- Section 24 Establishment and incorporation of Authority.
- Section 25 Composition of Authority.
- Section 26 Tenure of office of Chairperson and other members.
- Section 27 Removal from office.
- Section 28 Salary, allowances and other terms and conditions of Chairperson and other members.
- Section 29 Bar on future employment of members.
- Section 30 Chairperson to be the chief executive of Authority.
- Section 31 Meetings of Authority.
- Section 32 Vacancies, etc., not to invalidate proceedings of Authority.
- Section 33 Officers and employees of Authority.
- Section 34 Warehousing Advisory Committee.
- Section 35 Powers and functions of Authority.
- Section 36 Grants by Central Government.
- Section 37 Constitution of fund.
- Section 38 Accounts and audit.
- Section 39 Furnishing of returns, Annual Report, etc., to Central Government.
- Section 40 Powers of Central Government to issue directions.
- Section 41 Power of Central Government to supersede Authority.
- Section 42 Appeals to Appellate Authority.
- Section 43 Offences and penalties.
- Section 44 Offences by companies.
- Section 45 Cognizance of offences by courts.
- Section 46 Chairperson, members, officers and other employees of Authority to be public servants.
- Section 47 Protection of action taken in good faith.
- Section 48 Delegation of powers.
- Section 49 Exemption from tax on wealth and income.
- Section 50 Power of Central Government to make rules.
- Section 51 Power of Authority to make regulations.
- Section 52 Rules and regulations to be laid before Parliament.
- Section 53 Act to have overriding effect.
- Section 54 Power to remove difficulties.
- Section 55 Amendment of Act 2 of 1899.
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