The warehousing (development and regulation) act, 2007 (Bare Act)/ Universal Law Publishing

THE WAREHOUSING (DEVELOPMENT AND
REGULATION) ACT, 2007
IiUroductioii
CHAPTER I
PRELIMINARY
Sections
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 ^ JO.; 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. Warrantees on negotiation of warehouse receipt
16. Endorser not a guaranteer 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

Sections
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 fimctions 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.
CHAPTER VIII
POWERS OF CENTRAL GOVERNMENT
40. Powers of Central Government to issue directions
41. Power of Central Government to supersede Authority
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