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The Warehousing (Development and Regulation) Act, 2007

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

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.

BE it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:-



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