| ACT 14 OF 1963 THE KERALA WAREHOUSES (AMENDMENT) ACT, 1963 An Act to amend the Kerala Warehouses Act, 1960 Preamble .-Whereas it is expedient to amend the Kerala Warehouses Act, 1960, for the purposes hereinafter appearing; BE it enacted in the Thirteenth Year of the Republic of India as follows:- 1. Short tille, extent and commencement.-(1) This Act may be called the Kerala Warehouses (Amendment) Act, 1963. (2) It extends to the whole of the State of Kerala. (3) It shall come into force at once. 2. Amendment of Section 19.-In section 19 of the Kerala Ware houses Act, 1960- (i) in sub-section (1), after the proviso, the following further proviso shall be inserted, namely:- "Provided further that nothing contained in this sub-section shall apply to the goods deposited in a warehouse belonging to a Warehousing Corporation established under the Agricultural Produce (Development and Warehousing) Corporations Act, 1956 (Central Act 28 of 1956), where such Warehousing Corporation has agreed in the prescribed manner, to compensate the depositor against loss or damage arising from the prescribed risks." (ii) in sub-section (2), the following shall be added at the "end, namely:- "and where a Ware housing Corporation established under the Agricultural Produce (Development and Warehousing) Corporations Act, 1956 (Central Act 28 of 1956) has agreed to compensate the depositor under the second proviso to sub-section (1) such Corporation shall be entitled to recover from the depositor such additional charges as it may decide, not exceeding the tariff rate of the insurance premia, for the risk which it has agreed to compensate." |