Warehousing (Development and Regulation) Act, 2007
Bare 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.
- Act number
- 37 of 2007
- Enacted
- 19 September 2007
- Contents
- 55 sections · 11 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — Preliminary
Chapter II — Regulation Of Warehousing Business
- Section 3 – Requirement of registration for warehouses issuing negotiable warehouse receipts
- Section 4 – Registration of warehousemen
- Section 5 – Registration of accreditation agencies
Chapter III — Warehousemen
- Section 6 – Liabilities of warehousemen (preview)
- Section 7 – Duties of warehousemen (preview)
- Section 8 – Duties of warehouseman to keep records and accounts of warehouse business (preview)
- Section 9 – Special powers of warehouseman to deal with perishable and hazardous goods (preview)
- Section 10 – Lien of warehouseman on goods (preview)
Chapter IV — Warehouse Receipts
- Section 11 – Warehouse receipts (preview)
- Section 12 – Negotiability of warehouse receipts (preview)
- Section 13 – Negotiation of warehouse receipt by delivery (preview)
- Section 14 – Transfer of negotiable warehouse receipts without endorsement (preview)
- Section 15 – Warranties on negotiation of warehouse receipts (preview)
- Section 16 – Non-liability of the endorser (preview)
- Section 17 – Negotiation of warehouse receipt not impaired by fraud, mistake or duress (preview)
- Section 18 – Subsequent negotiation of warehouse receipts (preview)
- Section 19 – Delivery of goods to be made after due charges are paid (preview)
- Section 20 – Transfer of non-negotiable receipts (preview)
- Section 21 – Conclusiveness of negotiable warehouse receipt (preview)
- Section 22 – Presumption in certain cases (preview)
- Section 23 – Issue of duplicate receipt (preview)
Chapter V — T W D R A
- Section 24 – Establishment and incorporation of Authority (preview)
- Section 25 – Composition of Authority (preview)
- Section 26 – Tenure of office of Chairperson and other members (preview)
- Section 27 – Removal from office (preview)
- Section 28 – Salary, allowances and other terms and conditions of Chairperson and other members (preview)
- Section 29 – Bar on future employment of members (preview)
- Section 30 – Chairperson to be the chief executive of Authority (preview)
- Section 31 – Meetings of Authority (preview)
- Section 32 – Vacancies, etc., not to invalidate proceedings of Authority (preview)
- Section 33 – Officers and employees of Authority (preview)
- Section 34 – Warehousing Advisory Committee (preview)
Chapter VI — Powers And Functions Of Authority
Chapter VII — Finance, Accounts And Audit
- Section 36 – Grants by Central Government (preview)
- Section 37 – Constitution of fund (preview)
- Section 38 – Accounts and audit (preview)
- Section 39 – Furnishing of returns, Annual Report, etc., to Central Government (preview)
Chapter VIII — Powers Of Central Government
- Section 40 – Powers of Central Government to issue directions (preview)
- Section 41 – Power of Central Government to supersede Authority (preview)
Chapter IX — Appeals
Chapter X — Offences And Penalties
- Section 43 – Offences and penalties (preview)
- Section 44 – Offences by companies (preview)
- Section 45 – Cognizance of offences by courts (preview)
Chapter XI — Miscellaneous
- Section 46 – Chairperson, members, officers and other employees of Authority to be public servants (preview)
- Section 47 – Protection of action taken in good faith (preview)
- Section 48 – Delegation of powers (preview)
- Section 49 – Exemption from tax on wealth and income (preview)
- Section 50 – Power of Central Government to make rules (preview)
- Section 51 – Power of Authority to make regulations (preview)
- Section 52 – Rules and regulations to be laid before Parliament (preview)
- Section 53 – Act to have overriding effect (preview)
- Section 54 – Power to remove difficulties (preview)
- Section 55 – Amendment of Act 2 of 1899 (preview)