S.No. Topic Page no.

1. Perliminary
2. Regulations of warehousing business
3. Warehousemen
4. Warehouse receipts
5. WDRA
6. Powers and functions of authority
7. Finance, Accounts and Audits
8. Powers Of Central Government
9. Appeals
10. Offences and Penalties
11. Miscellanious
WAREHOUSING:

A warehouse can be defined as a place used for storing or collecting goods.

Storage work can be done successfully with the help of storage equipment
used for storage.

Warehousing can also be defined as the assumption of a commitment to

property. By storing goods year-round and unloading them as needed and
when needed, repairs create time-consuming expenditures.

Functions of Warehousing:

 Storage: This is a basic cleaning job. Extra unnecessary goods can be

stored in warehouses. They can be provided as and when needed.
 Price stability: Wires play a major role in the price stability process.
Available through time-consuming by warehousing. There is no
commodity price where their delivery is plentiful and increases in price
while slides are avoided.
 Carry the risk: When goods are stored in warehouses they are exposed
to many risks in the form of theft, vandalism, surveillance, fire etc.
Wards are designed in such a way as to minimize these risks. The bail
agreement applies when the goods are stored in a warehouse. A
warehouse worker acts as a boiler and a waiter acts as a boiler. The
warehouse keeper should take good care of the goods and protect them
from various risks. For any loss or damage to the goods, the custodian
will be compensated by the owner of the goods.
  Finances: The loan can be raised at the storekeeper keep the goods held
by the owner. The goods act as security for the warehouse keeper.
Similarly, banks and other financial institutions are also developing
counterfeit loans and savings receipts. In this way, warehousing serves
as a financial source for entrepreneurs to combine business activities.
 Ratings and parking: These warehouses provide packaging, processing
and ordering services. The goods can be packed in the correct size
according to the instructions of the owner.

Importance of Warehousing In the Development of Trade and Commerce:

Warehousing or storage means the handling and storage of goods until they
are delivered to consumers. Generally, there is a gap between production and
consumption of products. By closing this gap, storage creates time
consumption. There is a need to keep the goods in order to make them
available to consumers as and when needed. A certain amount of goods is kept
throughout the sales process. Appropriate and adequate arrangements for
selling goods in the right context are essential for the success of marketing.
Storage enables a company to be able to produce in anticipation of future
demand.

A warehouse is a place used for storing or storing goods. It can also be

described as an institution that takes responsibility for storing goods safely.
Wires enable entrepreneurs to produce year-round and sell their products,
whenever there is sufficient demand. The need to maintain accommodation
also arises because some goods are only made for a specific season but are
required throughout the year. Similarly certain products are produced all year
round but only required for a specific season. Warehousing facilitates
production and distribution on a large scale.

Benefits of Warehouses:

 Regular production: The material used for rice needs to be stored in

order to produce more complexity to be continuously produced. In some
cases, goods are stored pending inflation. Clocks enable manufacturers
to produce goods in anticipation of future demand.
 Time usage: A warehouse creates time-consuming labor by bridging the
time gap between production and consumption of goods. It helps to
make goods available whenever they are wanted or wanted by
customers.Some goods are produced year-round but only required at
certain times of the year, e.g. Wool, raincoat, umbrella, heater, etc. On
the other hand, some products are wanted all year round but are
produced in a specific region, eg wheat, Rice, potatoes, etc. Goods like
rice, tobacco, alcohol and jaggery become more useful over time.
 Supply Store: Basically, a warehouse serves as a store for extra urgently
needed items. Goods are usually produced in anticipation of demand
and need to be well maintained until demanded by consumers.
Immediate goods can be stored in a warehouse to meet future demand.
 Numerical stability: Watches reduce the volatility of price volatility by
storing goods when their supply is more than demand and relieving
them when demand is more than immediate products. Watches ensure
regular supply in the market This comparison of supply demand helps
stabilize prices.
 Risk reduction: The wards provide for safe storage of goods. Non-
perishable products can be stored in cold storage. By storing their assets
in warehouses, entrepreneurs can minimize the loss of damage, fire,
theft etc. Goods stored in a warehouse are usually insured. In the event
of loss or damage to property, the property owner can receive full
compensation from the insurance company.
 Packing and measuring: Certain products must be prepared or
processed in order to be ready for human use, e.g., coffee, tobacco, etc.
Today's store offers the services of packaging, packaging, mixing, grade
installation etc., of goods for commercial purposes. Purchasers can
inspect the goods stored in the warehouse.
 Finances: The wards provide a receipt to the holder of the goods stored
in the warehouse. The owner can loan money for the security of the
goods by agreeing to get a property receipt. In some countries,
warehouse authorities raise funds against warehouses. By storing
imported goods in a corporate warehouse, the entrepreneur can pay the
sales tax.
Types of warehouse:
 Private Warehouses:
Private warehouses are labor-intensive and are manufactured by major
manufacturers and retailers to fulfill their storage needs. Goods
manufactured or purchased by a warehouse owner have limited value or
utility as the entire business cannot utilize them due to the considerable
investment required to build a storage facility, some large business firms
require a large amount of storage space and who can cost, build and
maintain their personal belongings. A major manufacturer or retailer
may have a network of its own repositories in different parts of the
country.

 Public Warehouses:
A public warehouse is a specialized business center that provides public
warehouses with a certain amount of money. It may be owned and
operated by an individual or a cooperative society. It must operate
under a government license in accordance with the rules and
regulations.
Public storage facilities are so important to the sale of agricultural
products that the government promotes the establishment of public
warehouses in the cooperative sector. A public warehouse is also known
as a warehouse.
Social repositories are very useful for the business community. Many
businesses are not able to afford their warehouses due to capital
investments. In many cases the storage facilities required by a business
 do not operate a private store. Such businesses can meet their
maintenance needs easily and economically by using public warehouses,
without investing much. Public storage facilities provide storage facilities
to small producers and retailers at a low price. These warehouses are
well built and monitored day and night to ensure safe storage. The last
public places are usually located near railroad tracks, highways and
waterways.
They provide, therefore, the best places for easy recovery, Dispatch,
Load and Freight Shipping. They also use mechanical devices to handle
heavy and bulky goods. The public warehouse enables entrepreneurs to
serve their customers quickly and economically by carrying regional
shares near important trading centers or markets of both countries.
Public warehouses provide logistics inspection services for potential
buyers. They also allow packing, layout and packaging. The last public
receipts are good securities securities on loan.

 Bonded Warehouses:
Consolidated warehouses are licensed by the government to accept
imports for storage until custom work is paid. They are located near the ports.
These warehouses are used by the state or operated under the control of the
customs authorities.

A warehouse is required to provide a function or 'Bond' that it will not

allow the goods to be moved without the consent of the custom
authorities. The goods are bonded and cannot be withdrawn without
paying for custom work. Goods held in the warehouse will not enter the
owner without the permission of the customs authorities. The name is
thus reserved for the latter.
 Consolidated warehouses are very useful for importers and exporters. If
the importer fails or is unwilling to pay a late payment for the goods, the
goods can be stored at the warehouse. He or she may issue goods in
installments by paying custom tax.

Warehousing Development and Regulatory Authority:

Objectives of the WDR Act 2007 :

The most important objectives of the WDRA, 2007 are to make provisions for
the management and development of warehouses, negotiating warehouse
receipts, establishment of Warehousing Development and Regulatory
Authority (WDRA) and other related matters.

The work of the WDRA is to ensure that the interests of farmers are protected
by growth and development in the real estate sector. The main goals are to
improve the trust of the depositors and banks, to increase rural expansion, to
promote scientific savings, to reduce funding costs, to promote shorter and
efficient supply chains, to increase equity and quality, and to ensure price risk
management.

Features of Warehousing (Development and Regulation) Act, 2007

 Regulation of warehousing business

 No person shall commence or continue with any undertaking of
procurement without obtaining a certificate of registration from the
WDRA after fulfilling the requirements in respect of a warehouse or
warehouse.
 Accreditation and Registration of warehouses
WDRA manages violence, strikes or terrorism. The warehouses must
have a valid certificate approved by the Chartered Accountant or a debt
repayment certificate from the organized bank of each property or
organization.
 Special Provisions for Registration of warehouses of Primary
Agricultural Cooperative Societies (PACSs)

In order to assist farmers to obtain benefits under the grants system, the
WDRA has simplified the process of registering reserves within the
Department of Agriculture Cooperative Society closest to farmers.

 Introduction of NWR System in cold storages

WDRA in conjunction with the National Horticulture Mission (NHM) and the
National Horticulture Board (NHB) have introduced a receipt for the use of cold
goods so that growers / agricultural producers can store these goods in cold
climates and may benefit from loans to NWRs issued by storages cold
registered and registers the country's last reserves. Only storage facilities
registered with WDRA can issue unsecured Warehouse Receipts (NWRs).

WDRA follows a strict scrutiny process before registering with the store. The
process involves authorization before registering with WDRA. The WDR Act
2007 provides for the appointment of private bodies authorized to approve the
merger conditions specified by WDRA. The warehouse must apply to the
accreditation agency of their choice for the issuance of an accreditation
certificate. WDRA-accredited agencies are required to visit annually at
registered storage facilities to ensure continued compliance with specified
requirements.

WDRA specified specific details of the warehouse registration. Some of these

are:

 The warehouses should be designed according to the Bureau of Indian

Standards (BIS) structure. Authorization agencies have some understanding
in updating information without compromising the integrity of the asset.
 They need to be saved by a stupid security agreement
 Must have qualified personnel with the necessary knowledge and scientific
knowledge of the storage of materials and have the necessary equipment
to control pests and pests.
 Must be insured for property and stock fire, flood, theft, burglary,
mismanagement, Notification of Agricultural Commodities

As a rule, as of January 2016, WDRA has informed 123 agricultural products

including cereals, dip, oils, vegetable oils, spices, edible nuts and mixed
substances such as rubber, tobacco, tea, coffee, cards etc. to issue NWRs. 26
field products, such as Potato, Grilled Onions, Garlic, Ginger, Turmeric, Apples
and Resins etc. have also been introduced for the release of NWRs by boiling
colds.

 Addressing Concerns of Stakeholders

The Act requires the custodian to be compensated for the loss, or damage to
the assets arising from his or her failure and provides for compensation to the
mortgagee

The law also provides for penalties if the custodian issues a saved receipt
without delivering the goods themselves or without satisfying them adequately
that the amount, weight or grade of the goods corresponds to the number,
weight or grade specified in the housekeeping receipt number. 

 Functioning of WDRA

In the event any store feels the need to issue NWRs due to demand from its
customers or due to competition, it is up to WDRA to obtain approval. The
authority then sends a team of inspectors who judge the warehouse on various
computers such as whether it is custom-built, has trained technicians, is it
equipped with modern pest control for filling services, its importance, safety,
fire-preparation and weight-bearing equipment. If the party is satisfied with
the terms, WDRA issues a brochure containing the NWRs. The store then
releases this receipt to customers (farmers and people who keep their produce
in godowns) instead of the usual receipt. Since these registers are accepted by
the government, banks can easily offer loans. The farmer receives a legally
recognized receipt that he / she can borrow from the bank for further farming
activities or to sell his or her produce to a third party through a receipt,
without taking the real property.
THE WAREHOUSING (DEVELOPMENT AND REGULATION) ACT, 2007
ACT NO. 37 OF 2007

It is an Act that makes provisions for the regulation and development of

warehouses, negotiability of warehouse receipts, establishment of a
Warehousing Development and Regulatory Authority and matters connected.
BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as
follows:—

CHAPTER I

PRELIMINARY

1. Short title, extent and commencement:

(1) This Act may be called the Warehousing (Development and Regulation) Act,
2007.

(2) It extends to the whole of India except the State of Jammu and Kashmir.

(3) It shall come into force on such date1 as the Central Government may, by
notification in the Official Gazette, appoint.

2. Definitions:

According to this Act, unless the context otherwise requires,—

(a) “accreditation agency” means an agency, whatever be its constitution,

registered with the Authority under section 5.

(b) “actionable claim” shall have th’e meaning assigned to it in section 3 of the
Transfer of Property Act, 1882 (4 of 1882).

(c) “Authority” means the Warehousing Development and Regulatory

Authority established under sub-section (1) of section 24.

(d) “depositor” means a person who delivers goods to the warehouseman for
storage.

(e) “endorsee” means the person to whom the warehouse receipt is

negotiated.
(f) “endorsement” means signing on the warehouse receipt by the depositor or
holder of the warehouse receipt for the purpose of its negotiation.

(g) “electronic form”, with reference to information, means any information

generated, sent, received or stored in media, magnetic, optical, computer
memory, microfilm, computer generated micro fiche or similar device.

(h) “fungible goods” means any goods of which any unit is, by nature or usage
of trade, the equivalent of any other like unit and are received by a
warehouseman as fungible goods.

(i) “goods” means all tangible movable goods (other than actionable claims,
money and securities), whether fungible or not.

(j) “grade” means the quality standard of any goods as notified as grade
designation by the Central Government under the Agricultural Produce
(Grading and Marking) Act, 1937 (1 of 1937) or any other law for the time
being in force.

(k) “holder” means,—

(i) in relation to a negotiable warehouse receipt, a person who is in possession

of such receipt and a right to goods endorsed on it.

(ii) in relation to a non-negotiable warehouse receipt, a person named in it as

the person to whom the goods are to be delivered or the assignee of that
person.

(l) "Member" means a member of Authority and includes Chairperson.

(m) "warehouse receipt" means a receipt in which the goods represented are
transferred to a deposit or order, a recommendation which results in the
transfer of the goods represented thereto and an agreement requiring good
title.

(n) "preventable savings receipt" means a receipt that is saved without

receiving a preservation receipt.

(o) "notice" means a notice published in the Official Gazette.

(p) “person” includes a strong, co-operative society or any organization or

group of persons, whether incorporated or not.
(q) "prescribed" means prescribed by the rules made under this Act.

(r) "regulation" means a law made under this law.

(s) "warehouse" means any premises (including any protected area) that
complies with all the requirements including personnel specified by the
Authority in terms of which the warehouse holder holds a drawer and includes
a storage unit for heat and humidity.

(t) "warehouse business" means a warehouse business and issue receipts for
storage which can be negotiated.

(u) "invoice receipt" means in writing or by electronic form provided by the

accountant or his / her legal representative (including deposit by name)

(v) "shopkeeper" means any person to whom a certificate of registration has

been issued in respect of any store or factory by the Authority or an
accreditation agency.

CHAPTER II
REGULATION OF WAREHOUSING BUSINESS

3. Requirement for registration of restaurants that issue receipts for storage:

(1) No person may start or continue a warehouse business unless he has

obtained a registration certificate in respect of the warehouse or storage
facilities provided by the Council under this Act:

Provided that a person who runs a warehouse business before the

commencement of this Act will be allowed to continue with that business,
should he apply for registration within thirty days from the date of
commencement:

It is also provided that no such registrations will be required in the latter that
do not propose to issue a receipt that can be negotiated.

Interpretation. - In order to dispel doubts, it is clarified that a warehouse

registered under this law will also be eligible to issue unsecured receipts in
storage.
(2) Notwithstanding anything contained in subsection (1), the Authority may,
subject to such rules and guidelines issued by it, authorize any person
registered under section 5 as an accrediting agency to issue a certificate of
approval to any person by continuing the business of issuing storage receipts
and negotiations.

4. Registration of warehouses:

(1) Any person wishing to start or continue with a warehouse business issuing
storage receipts may apply to the Registration Authority in respect of one or
more of his or her warehouses.

(2) Every application for registration under subsection (1) shall be so and shall
be subject to the prescribed fees.

(3) The Authority may, after investigation and subject to such terms and
conditions as it may deem appropriate, issue a certificate of registration of the
property in the prescribed form and have a registration number from the
applicant authorizing him to carry on the business to maintain the warehouse
or warehouse receipts and to issue receipts for storage.

(4) The Authority shall not issue a certificate of registration under this section
unless it is satisfied that the storage facility has sufficient facilities and
safeguards necessary to store the goods of the type specified in the application
and the applicant satisfies the financial, administrative and other criteria of
suitability and ability as prescribed:

Provided that no registration certificate will be refused to any applicant under

this section unless the applicant has been given the opportunity to be heard.

5. Registration of accreditation agencies .—

(1) The Executive Authority shall, from time to time, determine the number of
accrediting entities as it may authorize the issuing of an accreditation
certificate in the last issuing receipts for the purchase.

(2) Any person fulfilling a qualification and other requirements as may be

prescribed and wishing to operate as an accreditation body under this Act may
apply to the authorities seeking his registration under this Act.
(3) All applications under subsection (2) shall be as such and shall be subject to
the fees and security deposit as may be prescribed.

(4) The manner in which the terms and conditions under a certificate of
registration not issued under this section shall be in such manner as may be
prescribed.

CHAPTER III
WAREHOUSEMEN

6. Consumer Debt Liabilities.—

(1) The stockholder is responsible for the loss, or damage, of the assets arising
from his or her failure to care and diligently in respect of the property as a
vigilant and vigilant holder of the same assets.

(2) If an asset is damaged or lost despite all reasonable care and precautionary
measures as a result of unavoidable circumstances, compensation equal to the
value of the goods at the time of installation of the goods shall be paid by the
custodian.

(3) If an asset is damaged or lost as a result of the negligence of the custodian,

then the compensation shall be equal to the value of the assets and loss of
profit to the acquirer.

(4) The warehouse manager shall not be liable for any loss, damage, damage or
damage to the goods brought to him for storage in such cases as force, military
action, public enemy action and the like.

7. Duties of Storekeepers .—

(1) If there is no official exemption, the shop owner must deliver the goods
mentioned in the negotiated receipt, to the holder on receipt of the request
made by the owner and keep the owner fulfilling all of the following
conditions, namely: -

(a) satisfy the warehouse lien.

(b) handing over the receipt if the receipt cannot be negotiated and gives the
receipt for approval upon receipt. and
(c) agree in writing the receipt of goods.

(2) If the custodian refuses or fails to deliver the goods in accordance with the
provisions of this section, the burden of proof shall lie on the waiter to prove
the existence of a valid reason for the refusal or failure.

8. Duties of warehouseman to keep records and accounts of warehouse

business —

(1) Every warehouseman shall keep in a place of safety a complete and

accurate set of records and accounts of all transactions pertaining to the
operation of a warehouse including records and accounts of all goods received
in the warehouse and withdrawn there from, of all un issued receipts in his
possession, of all receipts issued, returned to, or cancelled, by him.

(2) Subject to the provisions of subsection (1), the warehouse manager shall
keep all records and accounts of the conservation business in a separate and
distinct order in the records and accounts of any other business in such and
such manner and such time as the Executive Authority may, by order, specify.
(3) The custodian manager shall make it available to the officer to inspect the
records and accounts of the maintenance business at any time as may be
required by the forum.

9. A specialty waiter to deal with intangible and dangerous goods:

(1) in the case of the holder of the goods receipt, if the manager's name and
address is known to the waiter or if it is not known to the warehouse keeper,
then, to the depositor, who requires that person to satisfy the goods and
goods to remove them from the store.

(2) If a person who has been served a notice under subsection (1), fails to
satisfy a liar and removes the goods within the time specified in the notice, the
guard may sell them for public or private sale without any advertising.

(3) The notice referred to in subsection (1) may be given by e-mail, post or
registered mail or telephone. is addressed to the person to whom the last
address will be given and the notice is deemed to be given on the third post.
(4) If the owner of a shop after due effort is unable to sell the goods, the store
owner may use the alternative as he sees fit and shall not be liable for the
cause.

(5) Since the sale or disposal of goods made under this section, the warehouse
manager, after satisfying the liar, holds the remaining trust money in the
receipt holder.

(6) No notice shall be required if the shop owner is satisfied with good reason
that in the circumstances of the case giving notice may result in further
prejudice to the goods.

(7) If, at any time, a storekeeper is satisfied that the quality of any damaged
goods or any part of it has deteriorated or deteriorated to the extent necessary
to do so, contact the owners of the storage receipts under discussion from the
loss and sufficient time to seek their orders, may, by following the instructions
in this case, dispose of any assets or any part of them and continue to sell
them after the debt has been filled with escrow account for the benefit of the
receipt holders.

(8) In the event of a lost property disposed of under subsection (7), the
custodian may, at the option of the receipt holder, pay the sale proceeds or
bring the same property of the same grade, quality and value to him.

(9) Any sponsor shall have the right to approach his or her registered service
address with the custodian.

(10) Liar of goods in stores —

1. Every person working in a warehouse has a law for the goods deposited on
it for storage, whether by the owner or his or her authority, or by any other
person entrusted with the goods or his agent.

2.The custodian's liabilities are calculated for the total cost of maintenance and
maintenance including— (a) all statutory costs of maintaining and maintaining
the assets; (b) all reasonable costs for (i) any required notice given in terms of
this law; and (iv) compliance with statutory provisions.

3. In the event of a receipt of a warehouse by a bank or a custodian, such

approval shall be proof of security and the security shall foreclose interest.
4. In the event of any security referred to in subsection (3), the storage
manager may not deliver the goods unless the security clearance has been
canceled.

5. In the event that the goods are not returned within the stipulated deadline,
the shop owner shall be entitled to recover his costs, sell the goods at public
auction, or in any other manner provided in this section for any goods on
which he has lied. The landlord must give notice in writing of his or her
intention to sell the debtor to the debtor or to the owner or right-holder, the
deposit, the name of the applicant and the false statement by the custodian of
the goods stored in the warehouse; and state that unless expenses are paid at
the time specified in the notice, the goods shall be displayed for sale and sold
at public auction at such time and place as specified in the quotation.

6. If unpaid charges are payable on or before the date specified in the notice,
then, unless the alternative of sale is specified by the authority, in terms of the
advertisement, the advertisement shall be published in the leading newspaper
delivered to the place where the sale is to be sold from the initial sale,
continue to inform where the property owner is located and for the sale. The
liar will pay the excess amount, if any, to the person to whom the item was
delivered.

7. If what you need is not demanded by the person furnished within 10 days
after the sale of the Goods or in the case of separate claims, the warehouse
manager shall seek the instructions from the authorities and execute the
directions of the Authority.

CHAPTER IV

WAREHOUSE RECEIPTS

11. Invoices for road property. -

(1) A saved receipt, which may be in written or electronic form, shall be the
subject of the goods in writing if it contains all of the following information,
namely: - (a) receipt number; (b) the registration of the inventory and the date
on which it occurs; (c) the name of the last building and its full address; (d) the
physical address of the person in whose name the goods have been
transferred or (on behalf of) (e) the date of issue; (g) the final cost and expense
charges (h) a description of the goods or packages containing information on
the quality and quantity or grade (i) the market value of the goods at the time
of installation; (j) independent markers of the adepositor on goods or
packages, if any, in the case of non-functional goods; (k) the name of the
insurance company indemnif ying for fire, flood, theft, burglary, inappropriate
use of roads, violence, strikes or terrorism; (l) whether the receipt for the
warehouse is negotiable or disputed; The waiter says his lien; (n) the date and
signing of the custodian or his authorized agent; (o) declare the shelf life of the
goods; (p) the fact that the stockholder holds custody of the securities for his
own personal custody and liabilities; and (q) that the receivables would be
effective only until the expiry date of the asset's life of the asset.

(2) In the event that a person operating a warehouse intentionally omits any
information referred to in subsection (1), he or she shall be compensated for
the damage caused by such omission.

(3) No acquisition of a building shall be deemed to be illegal by any of the

information provided for in subsection (1), as it does not appear to be for the
purpose of resolving disputes or claims.

(4) The authority may approve or alter any information as defined in

subsection (1) of all goods or class of goods or any other kind of storage
facilities.

12.No Availability of Storage Receipts—

(1) Names in the receivable balance of a restricted stock shall be missed.

(2) The warehouse holder issuing a final receipt for which there is no
negotiation must be clearly written on his or her face the words "non
negotiable" or "non-negotiable" in English or in the language in which it was
issued. that the receipt under discussion may, at its discretion, treat the
receipt as distributing all rights to the receivable receivable and deposit to the
stockholder the same debts that he would have received if he had received the
non-negotiable receipt and the stockholder would have been paid accordingly.
shelf life declared in the goods for which it was issued.
13. The negotiation of the acquisition of the assets held in transit by the
endorsee has consented.

14. Transfer of final receipts discussed without obtaining consent –

When an invoiced receipt is forwarded for further consideration for delivery,

and the transferor's support is essential for negotiation, the transferor obtains
the right against the transferee to compel him to receive the receipt, unless
the contrary intention arises, and negotiation begins as time goes by.

15. Consent to a negotiated acquisition of a conservation asset –

The person, in the best interest, negotiates retention receipts by delivery and
delivery, including the one who placed it in the most important consideration,
the claim protected by the receipt, unless a contrary intention arises. the
following :—

( a) that the receipt is true;

(b) that a person has the legal right to negotiate or transfer;

(c) that a person does not have factual information that would offend the
validity of the receipt;

(d) that a person has the right to transfer the title to this property;

(e) that the goods may be sold or ready for a specific purpose for which such
decisions may not be stated, if the contract of the organization was to transfer
without receiving the goods represented by it.

16. Debtor's absence of credit –

Receipt of a receipt does not make the latter liable for any failure on the part
of the stockholder or the last surviving receiver to fulfill their obligations.

17. Negotiation of the acquisition of assets held without fraud, error or

vandalism –

The validity of the receipt negotiation does not affect the fact that—

(a) bargaining was a breach of duty to the person conducting the negotiations;
(b) the holder of a receipt deducted by fraud, error or abolition of that goods,
or if the person to whom such receipt was received or the receiver was later
found, whose value without infringement, fraud, error or termination.

18. Subsequent negotiation of warehouse receipts –

If a person has sold, held or held securities in which the negotiated receipt has
been issued, he / she will continue to receive negotiated receipts, subsequent
negotiations for that person under any sale or other asset for any person
receiving a receipt in good faith, reasonable consideration and without notice
of a prior sale, mortgage or mortgage loan, has the same effect that if the
previous buyer, borrower or collateral the goods, as the case may be, had
explicitly authorized the subsequent negotiations.

19. Delivery of goods to be made after payment is due –

Once a receipt has been received in respect of any goods, the custodian will
not hand over the goods to the depositor or consignee, until the payment is
made from the depositor from the date the deposit was first made until the
return of the goods and his or her reserves are cleared.

20. Non-negotiable receipts transfer -

(1) A conservation receipt may be forwarded by the owner to the buyer or the
consignor in writing.

(2) The person to whom the goods have been acquired by the store is not
permitted to negotiate— (a) the subject of the transferor; and (b) the right to
enter into the storekeeper a receipt or duplicate thereof or give notice in
writing to the bookkeeper for the transfer.

(3) The transferee must take advantage of the custodian's obligation to keep
the property in accordance with the conditions of the receipt when the deposit
has been transferred and to give notice in writing of the transfer and to the
store had a reasonable opportunity to confirm the transfer.

21. Conclusion of retained earnings receivables - in the hands of the owner

who purchased the preservation receipt for consideration, it will be
indisputable proof of the goods described therein as being the custodian of the
goods or any other person seeking them.
22. Being initiated in certain situations - In a dispute between a contract for
the receipt of a homeowner's agreement and his or her attorney unless proven
otherwise, it shall be deemed-

(a) consistency is voluntary;

(b) subsidies have been made in its entirety for full consideration;

23. Issuing of a double receipt—

(1) No warehouse person shall issue a receipt for the goods except to obtain
goods of value, quality or distance and other information as may be specified
receipt.

(2) No person keeping warehouses shall issue more than one application for
the same goods to any person Provided that in the event of loss or damage, a
double receipt can be issued as much as possible defined by authority by rules.

(3) If the warehouse employee fails to comply with the provisions of

subsection (2), he or she will be paid all the damage caused by the failure to
any person who used such receipt is significant to look at it, to believe that it is
real, even if the transaction is behind the delivery of the goods is the custodian
of the original receipt holder.

(4) The invoice on the face with the word "duplicate" clearly
labeled is also a sign warranty made by the stockholder that an accurate copy
of the receipt properly issued and not canceled on it the date the last receipt
was issued.

CHAPTER V

BUYING FOR CONSIDERATION AND ONE OF THE RULES OF GOODNESS

24. Establishment and consolidation of Authority —

(1) Commences on that day as Central

The government may, by notice, specify in this regard, a new mandate will be
established called on the Warehousing Development and Regulatory Authority
to exercise the powers granted, and(f) to make regulations that undermine the
accreditation of accreditation agencies of goods;

(g) promote professional organizations affiliated with the repair business;

(h) determine the rate, tax, revenue and other costs of making provision for

this is the law;

(i) request information from, search, query and investigate including the audit
of warehouses, accreditation bodies and other related entities the repair
business;

(j) manage the prices, benefits, terms and conditions that may be provided by
the warehouse staff in the case of a goods repair business;

(k) specify, with the regulations, the manner and manner in which the books of
account will be used and the statement of accounts will be given by the
shopkeepers, between warehouses and warehouses;

(m) administer and develop an electronic system for managing and transferring
credit balances , perishable goods stored in warehouses;

(n) to determine the minimum percentage of space to be maintained for

agricultural storage items in a registered category;

(o) to specify the duties and obligations of the custodian;

(p) to exercise that other power and perform such other duties as may be
prescribed.

(2) The Authority shall be a joint venture named after the permanent
succession a strong general mark, subject to the provisions of this Act, the
acquisition, seizure and disposal of goods, both immovable and immovable,
and entering into an agreement and, by name, shall issue a claim or claim.

(3) The Chief Executive Office must be located in New Delhi and the Authority
may do the same approval of the Central Government, establishing offices
elsewhere in India.

25. Composition of Authority –

The authority must contain

(a) the Chairperson; and

(b) not two other members,

appointment by the Central Government from people of ability, integrity and

standing have extensive experience and experience in inventory management,
insurance, maintenance, quality control, agricultural, financial, economic, legal
or administrative banks.

26. Term of office of Chairperson and other members—

(1) The chairperson and all others

A member shall hold office for a period not exceeding five years from the date
of his or her entry

The office will also be allowed to re-hire:

Provided that no person shall hold office as Chairperson or other member after
his or her appointment sixty-five years.

(2) Notwithstanding anything contained in subsection (1), a member may-

(a) leave his office by submitting a letter to the Central Government

three months; either

(b) removed from office in accordance with the provisions of section 27.

27. Removal from office.—

(1) The Central Government may remove any member

(a) at any time, be declared a debtor; either

(b) may still serve as a member; either

(c) convicted of an offense committed in the opinion of the Central

Government behavioral variables; either

(d) receive such financial interest or other interest which may indirectly affect
his or her activities member; either
28. Salary, allowances and other terms and conditions.

29. Prohibition of future employment of members. –

The chairman and other members will not because for a period of two years
from the date of his or her appointment, except for the latter approval of the
Central Government, accepting any employment from any concern in the field
of warehousing.

30. Chairman to be the chief executive officer. - The chairperson will be the
superintendent the authority of the Authority.

31. Meetings of Authority —

(1) The Authority shall meet at such times and places and shall maintain those
rules of procedure regarding business change at its meetings (including the
quorum thereof meetings) as may be determined by rules.

(2) The chairperson may, for whatever reason, be unable to attend a meeting
of the authorities, for any other reason a member elected by the members
present at the meeting shall preside a meeting.

(3) All questions before a meeting of the Authority shall be decided by a

majority of votes by the members present and voting, and in the event of an
equality of votes, the Chairperson, or the person in charge must have a second
or final vote.

32. Vacancies, etc., not for the purposes of executive decisions. - No action or
continuation of the authority will operate improperly for a reason

(a) any vacancy, or any other aspect of the Constitution of the Authority; either

(b) any factor in the appointment of a person acting as a member of the

Executive Authority;

(c) any deficiencies in the executive process that do not affect the value of the
case.

33. Officers and employees of Authority .—

(1) The Authority may appoint officers and others employees as deemed
necessary in the performance of their duties under this Act.
(2) The terms and conditions of service of the police and other officers of the
Authority

under subsection (1) shall be governed by rules made under this law.

34. Abusive Advisory Committee.—

(1) The Executive Authority may, by notice, establish a

The Committee to be known as the Warehousing Advisory Committee advises

the Authority on certain matters relating to the making of regulations under
section 51 and making the recommendations effective the implementation of
the provisions of this Act.

(2) The Wardhousing Advisory Committee shall consist of not more than fifteen
members except members of the Authority to represent the interests of
commerce, industry, engineering, agriculture, consumers, organizations
including warehousing, quality control, conservation and research
organizations.

(3) Without prejudice to the provision of subsection (1), the Warehousing

Advisory Committee advise the Authority on any other matters that may be
referred to it by the authority.

CHAPTER VI

POWER AND RIGHTS

35. Powers and functions of Authority—

(1) Subject to the provisions of this Act and other laws during the term of
office, the Authority shall be responsible for overseeing and enforcing the

execution of The provisions of this legislation also promote the successive

growth of the warehouse business.

(2) Without prejudice to the several provisions, powers and functions of

The Authority shall include the following:

(a) issue applicants that fulfill the vendor requirements certificate of

registration in respect of a warehouse, or renewing, modifying, withdrawing,

suspending or canceling such waiver registration;

(b) regulate the registration and operation of an accrediting agency, renew,

modify, revoke, suspend or cancel the registration, and specify the
authorization code for the authorization authority accreditation bodies for
warehouses;

(c) specifying qualifications, code of conduct and practical training for

shopkeepers and employees involved in the warehouse business;

(d) to administer the security process, to create costs and expenditure in

relation to it goods packaged in a warehouse;

(e) improve the efficiency of the maintenance business;

(f) to make regulations that undermine the accreditation of accreditation

agencies of goods;

(g) promote professional organizations affiliated with the repair business;

(h) determine the rate, tax, revenue and other costs of making provision for

this is the law;

36. Grants by the Central Government. –

Central Government, after the appropriation of the right funds by Parliament it

is a law that, instead, makes allowances for the accounting authority granted
by the Authority the government may think it appropriate to use the purposes
of this legislation.

37. Constitution of the Fund. —

(1) a fund shall be known as Warehousing the Energy and Management

Development Fund will be honoured

(a) All Local Government grants, fines and charges received by the authority.

(b) All amounts received by the authority from any other source as may be
determined by Central Government.
(c) All amounts received in the form of penalties under this Act.

(2) The fund shall be used to meet—

(a) Salaries, allowances and other remuneration of members, officers and

other employees of the Authority.

(b) Other expenses of the Authority in connection with the discharge of its
functions the purposes of this law.

38. Accounts and audits.—

(1) The authority must keep proper accounts and other relevant information.
Record and prepare the annual statement of accounts in such manner and in
the manner prescribed by central Government in consultation with the
Comptroller and the Auditor- General of India.

(2) The accounts of the officer must be audited by the Comptroller and the
Auditor-General of India at such times as may be specified by him or her and
any expenditure incurred in connection with such research shall be paid by the
officer to the Auditor-General and the Auditor-General.

(3) The Comptroller and Auditor-General of India and any other person
appointed by him communication and auditing of the accounts of the officer
shall have rights, privileges and authority in respect of audits such as the
Comptroller and Auditor-General generally communication and auditing of
Government accounts and, in particular, will be entitled to demand production
of account books, discounts linked to other documents and papers and checks
any offices of the Authority.

(4) Accounts of the Authority as certified by the Comptroller and Auditor-

General of India the other nominee for the position and the audit report will be
forwarded every year in the Central Government and that the Government will
cause the same to be put before each the House of Parliament.

39. To provide compensation, Annual Report, etc., to the Central

Government. —

(1) The authority must provide to the Central Government at that time and in
such manner and manner as may be prescribed, or as the Central Government
may direct to submit such returns, statements and other information in
respect thereof any proposed or existing scheme to promote and develop the
auto repair industry as and the Central Government may, from time to time.

(2) Without prejudice to the provision of subsection (1), the officer must,
within nine months after the end of each financial year, they submit to the
Central Government an annual report giving the truth and a comprehensive
account of its activities including promotional and development activities
repair business in the last financial year.

(3) Copies of reports received under subsection (2) shall be deposited, as soon
as they are available received, before each House of Parliament.

40. Power of the Central Government to issue directions.—

(1) Without prejudice to the above the provisions of this Act, the Authority
must, in the exercise of its powers and the performance of its functions, under
this law, they are bound by such references to policy questions, except those
relating to technology and administrative matters, as the Central Government
may from time to time authorize: As long as the Authority must, as far as
possible, be given an opportunity to express his or her views prior to any
direction given under this section.

(2) The decision of the Central Government, whether the question is one of
policy or not, shall be final.

41. Power of Central Government to administer authority. - (1) If, at any

time, in Central government has a vision—

(a) that, due to circumstances beyond the control of the Tribunal, it cannot
discharge perform any functions or perform any function assigned to or in
terms of this Act.

(b) That the Authority has contravened it in accordance with any direction
provided by it the Central Government under this law or the execution of
functions or the performance of functions which is limited to or subject to the
provisions of this Act and as a result of such financial failure the position of the
Authority or the administration of the Authority suffered; either
(c) that there are circumstances which necessitate public interest in doing so,
the Public the Government may, by notice and for the reasons described
therein, replace the Authority that period not exceeding six months, as may be
specified in the notice and recommend the person to take care of the functions
of the Authority: Unless prior to issuing such notice, the Central Government
shall give an appropriate opportunity for authorities to make representations
against the proposed removal and will consider the representation, if any, of
the authorities.

(2) Upon the publication of a notice under subsection (1) above the authority, -
(a) The Chairperson and the other members, from the date of approval, shall
be deemed to have had it out of their offices.

(b)All the powers, duties and functions of this Act, roused or issued by the
Authority must, until the authority is re-established under subsection (3), it
must be operated and issued by a person appointed by the Centre the state
under clause (c) of subsection (1);

(c) All property owned by the Authority shall, until the authority is re-
established under subsection (3), to the central government.

(3) On or before the expiry of the period of issue specified in the notice issued
below subsection (1), the Central Government shall reconstitute the Tribunal
with its new appointment the chairperson and the other members and in such
case any person who relinquishes his or her position under clause
(a)subsection (2) shall not be deemed appropriate.

(4) The Central Government shall cause a copy of the notice issued under
subsections (1) and a complete report of any action must be put before each
House of Parliament at the earliest.

(5) Notwithstanding anything contained in any law or in any contract or

memorandum or articles of the association, in the removal of a person, from
office under this section, such person shall not be entitled to claim any
compensation for loss or termination.

CHAPTER IX

APPEALS
42. Appeals to Authority. —

(1) any person aggrieved by an order of the Authority made under this law,
any rules or regulations made where they would like to appeal to that person.

(2)Every appeal made under this section shall be made in such form and
manner and shall be accompanied by a copy of the order appealed against and
by such fees as may be prescribed.

(3)The procedure for disposing of an appeal shall be such as may be

prescribed: Provided that before disposing of an appeal, the appellant shall be
given a reasonable opportunity of being heard.

(4) An appeal filed before the Appellate Authority shall be heard and disposed
of as expeditiously as possible and endeavor shall be made to finally dispose of
the appeal within a period of ninety days from the date of its filing.

CHAPTER X

OFFENCES AND PENALTIES

43. Offenses and penalties .— (1) Any warehouse dispatcher may not be
negotiated without the actual delivery of the goods to his shop or warehouse
or to the agent or attendant of the custodian who issues a receipt without
having satisfied that the goods for which the receipt was stored are actually
received or the amount, the amount or grade of goods corresponding to the
number, weight or grade specified in the acquisition of the goods or goods is
under their actual control at the time of issue of the acquisition, is liable and
must be punished with imprisonment for a period not exceeding three years or
a fine which may increase the value of the goods or both.

(2) The custodian or the agent or servant of the custodian, willfully issuing a
completed receipt that may be kept at his / her place of custody without
following the procedure for obtaining a final discovery, commits an offense
and is liable to imprisonment for a term of up to three years, or a fine. which
can be up to one lakh rupees, or both. (3) A warehouse keeper or an agent or a
servant of a warehouse, who knows that receiving receipts in respect of such
goods is incorrect and canceled, delivers such goods without receiving such
warehouse receipt or prior to such delivery thereby causing an unlawful loss.
or to benefit from any person, is guilty and should be punished by such
imprisonment for a period of up to three years or a fine which may extend to
one lakh rupees, or both.

(4) A warehouseman fails, upon receipt of a security deposit by the deputy or

last and pays all of his legal costs and cancellation of the receipt of the
contents of the receipt, within the life of the goods shelves, as referred to it
and brings the goods represented by the receipt of the offense and shall be
punished for the period of such offense. three or a penalty of three times the
value of the goods or both.

(5) Any mortgage holder, who has declared the value of the goods brought by
him for maintenance by the stockholder at a value which he does not believe
to be fair value, is guilty and shall be punished in this case for a fine not
exceeding one lakh rupees.

44. Corporate offenses .—

(1) Where an offense under this Chapter is committed by a company, every

person, at the time the offense was committed, was in charge of the company
or in charge of the money, as the case may be, shall be deemed guilty of such
offense and shall be liable and punished accordingly: Provided that nothing in
this section can provide any person guilty of punishment if it is proved that
such offense occurred without their knowledge or that he has used all
reasonable efforts to prevent such violation.

(2) Notwithstanding anything contained in subsection (1), in which any offense

is committed under this Chapter by a company and it is proved that the offense
was committed by or through the meeting of any director, manager, secretary
or other company official, director, manager, secretary or the other officer will
also be deemed guilty and will be charged with opposition and punished
accordingly.

45. Recognition of judicial proceedings. –

(1) No court shall administer any offense punishable under this Act, except by a
complaint made by a tribunal or other authorized officer in writing to that
authority.
(2) No court under the Metropolitan Magistrate or First Class Magistrate must
try any offense punishable under this law.

CHAPTER XI

MISCELLANEOUS

46. Chairperson, members, officers and other employees of the Public Service
Tribunal-

The chairperson, members, officers and other employees of the Authority and
the Applicant must be taken into account, when making or agreeing to make
other provisions of the Act. This Act, of being a public servant in terms of
section 21 of the Indian Penal Code (45 of 1860).

47. Protection of honestly taken action. –

No offense, prosecutor or other legal proceeding against the Central

Government or any officer of the Central Government or any member, officer
or other employee of the Authority for anything credible. made or intended to
be performed under this law or the rules or regulations made thereunder: For
as long as nothing in this law shall relieve any person of any offense or other
proceedings that may be brought, except by this law, by this law.

48. Power supply. –The Authority may, in writing in general or in writing,

delegate to the Chairperson or another member or officer of the Executive
Authority in accordance with such conditions, if any of its powers and functions
(except the power to make regulations under section 51) under this Act as may
be deemed necessary.

49. Economic and income tax exemptions. - It does not matter what is
contained in the Wealth

50. Powers of the Central Government to make laws.—

(1) The Central Government may, by notice, make rules to make the provisions
of this Act.

(2) In particular, and without prejudice to the existence of the above powers,
such rules may provide for all or any of the following matters, -
(a) the manner and manner in which an application for obtaining a certificate
of registration for commencement or execution of the final issuance and
negotiation receipts may be made and the fees associated with the application
under paragraph (2) of section 4;

(b) the manner in which a certificate of registration of a final property is issued

under subsection

(3) of section 4;

(c) the financial, administrative and other criteria for eligibility and
performance that the applicant must be registered in to the final disposal
under subsection (4) of section 4;

(d) the qualifications and other requirements which the person applying for as
an accreditation center shall fulfill under subsection (2) of section 5;

(e) the manner and manner in which an application for registration as an

accreditation agency may be made and the fees which must accompany the
application under subsection (3) of section 5;

(f) the form of a certificate of registration of an accrediting agency under

subsection (4) of section 5;

(g) remuneration and remuneration, and other terms and conditions of service
of the chairperson and other members under section 28;

51. Power of authorities to make laws.

(1) In particular, and without prejudice to the existence of the above powers,
such terms may provide for all or any of the following matters, -

(a) matters relating to the authority of the accrediting agency under subsection
(2) of section 3;

(b) the manner and procedure and the time at which a custodian shall keep
records and account of a warehouse business under subsection (2) of section
8;
(c) the method of disposal of any part thereof and the maintenance of the sale
proceeding in the escrow account by the custodian under paragraph (7) of
section 9;

(d) the method of sale under subsection (10) of section 10;

(e) the procedure for the removal of the final acquisition under subsection (2)
of section 23;

(i) the standards for accreditation of entities under subsection (f) of subsection
(2) of section 35;

(j) the amount of fees and other charges levied to carry out the provisions of
the Act under clause

(h) of subsection (2) of section 35;

(k) any other matter that is necessary to be, or may be specified by, or in
relation to any other matter which may be prescribed by law or may be
prescribed.

52. Power of authorities to make laws. make the provisions of this law.

(1) In particular, and without prejudice to the existence of the above powers,
such terms may provide for all or any of the following matters, -

(a) matters relating to the authority of the accrediting agency under subsection
(2) of section 3;

(b) the manner and procedure and the time at which a custodian shall keep
records and accounts of a warehouse business under subsection (2) of section
8;
(c) the method of disposal of any part thereof and the maintenance of the sale
proceeding in the escrow account by the custodian under paragraph (7) of
section 9;

(d) the method of sale under subsection (10) of section 10;

(e) the procedure for the removal of the final acquisition under subsection (2)
of section 23;
(f) the time and place of meetings of the Council and the procedure to be
followed at such meetings including the quorum required for conducting
business under subsection (1)

(g) the terms and conditions of service of police and other officers under
subsection (2) of section 33;