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The Warehousing (Development and Regulation) Act, 2007

Central

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.

Act number
37 of 2007
Ministry
Ministry of Consumer Affairs, Food and Public Distribution
Department
Department of Food and Public Distribution
Enacted
19 Sep 2007

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

55 sections

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