The WAREHOUSING (DEVELOPMENT AND REGULATION) ACT, 2007

PRELIMINARY

Section 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 date as the Central Government may, by notification in the Official Gazette, appoint.

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