Title : Lien of Warehouseman on Good
State : Central
Year : 2007
(1) Every warehouseman has a lien on goods deposited with him for storage, whether deposited by the owner of the goods or by his authority, or by any person entrusted with the possession of the goods by the owner or by his agent. (2) The lien of the warehouseman is for the amount of the storage and maintenance charges including -- (a) all lawful charges for storage and preservation of the goods; (b) all reasonable charges for-- (i) any notice required to be given under the provisions of this Act; (ii) notice and advertisement of sale; (iii) sale of goods where default is made in satisfying the lien of the warehouseman; and (iv) compliance of statutory provisions. (3) In case of any endorsement on the face of a negotiable warehouse receipt, by a bank or the warehouseman,..... View Complete Act List Judgments citing this sectionState : Central
Year : 2007
WAREHOUSING (DEVELOPMENT AND REGULATION) ACT, 2007 WAREHOUSING (DEVELOPMENT AND REGULATION) ACT, 2007 37 of 2007 19th September, 2007 Preamble 1 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:- CHAPTER 1 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..... List Judgments citing this sectionTitle : Warehousing (Development and Regulation) Act 2007
State : Central
Year : 2007
Preamble1 - WAREHOUSING (DEVELOPMENT AND REGULATION) ACT, 2007 Chapter I Section1 - Short title, extent and commencement Section2 - Definitions Chapter II Section3 - Requirement of registration for warehouses issuing negotiable warehouse receipts Section4 - Registration of warehouses Section5 - Registration of accreditation agencies Chapter III Section6 - Liabilities of warehousemen Section7 - Duties of warehousemen Section8 - Duties of warehouseman to keep records and account of warehouse business Section9 - Special powers of warehouseman to deal with perishable and hazardous goods Section10 - Lien of warehouseman on good Chapter IV Section11 - Warehouse receipts Section12 - Negotiability of warehouse receipts Section13 - Negotiation of warehouse receipt by delivery ..... List Judgments citing this sectionTitle : Powers and Functions of Authority
State : Central
Year : 2007
(1) Subject to the provisions of this Act and any other law for the time being in force, the Authority shall have the duty to regulate and ensure implementation of the provisions of this Act and promote orderly growth of the warehousing business. (2) Without prejudice to the generality of the foregoing provisions, the powers and functions of the Authority shall include the following, namely: -- (a) to issue to the applicants fulfilling the requirements for warehousemen a certificate of registration in respect of warehouses, or renew, modify, withdraw, suspend or cancel such registration; (b) to regulate the registration and functioning of accreditation agency, renew, modify, withdraw, suspend or cancel such registration, and specify the code of conduct for officials of..... View Complete Act List Judgments citing this sectionTitle : Furnishing of Returns, Annual Report, Etc., to Central Government
State : Central
Year : 2007
(1) The Authority shall furnish to the Central Government at such time and in such form and manner as may be prescribed, or as the Central Government may direct to furnish such returns, statements and oth]er particulars in regard to any proposed or existing programme for the promotion and development of the warehousing industry as the Central Government may, from time to time, require. (2) Without prejudice to the provisions of sub-section (1), the Authority shall, within nine months after the close of each financial year, submit to the Central Government an Annual Report giving a true and full account of its activities including the activities for promotion and development of the warehousing business during the previous financial year. (3) Copies of the reports received under..... View Complete Act List Judgments citing this sectionTitle : Short Title, Extent and Commencement
State : Central
Year : 2007
(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. View Complete Act List Judgments citing this sectionTitle : Bar on Future Employment of Members
State : Central
Year : 2007
The Chairperson and the other members shall not, for a period of two years from the date on which they cease to hold office as such, except with the previous approval of the Central Government, accept any employment in any concern in the warehousing sector. View Complete Act List Judgments citing this sectionTitle : Warehousing Advisory Committee
State : Central
Year : 2007
(1) The Authority may, by notification, constitute a Committee to be known as the Warehousing Advisory Committee to advise the Authority on matters relating to the making of regulations under section 51 and make recommendations for effective implementation of the provisions of this Act. (2) The Warehousing Advisory Committee shall consist of not more than fifteen members excluding the members of the Authority to represent the interests of commerce, industry, engineering, agriculture, consumers, organisations engaged in warehousing, quality control, preservation and research bodies. (3) Without prejudice to the provisions of sub-section (1), the Warehousing Advisory Committee may advise the Authority on such other matters as may be referred to it by the Authority. View Complete Act List Judgments citing this sectionTitle : Offences and Penalties
State : Central
Year : 2007
(1) Any warehouseman knowingly issuing a negotiable warehouse receipt without taking the actual physical delivery of the goods in his warehouse or a warehouseman or an agent or servant of the warehouseman who issues a warehouse receipt without reasonably satisfying himself that the goods for which such warehouse receipt is issued have actually been received or the number, weight or grade of the goods corresponds to the number, weight or grade specified in the warehouse receipt or the goods are under his actual control at the time of issuing such warehouse receipt, commits an offence and shall be punishable with imprisonment for a term which may extend to three years or with fine which may extend to four times the value of the goods or with both. (2) A warehouseman or an agent or..... View Complete Act List Judgments citing this sectionTitle : Establishment and Incorporation of Authority
State : Central
Year : 2007
(1) With effect from such date as the Central Government may, by notification, specify in this behalf, there shall be constituted an authority to be called the Warehousing Development and Regulatory Authority to exercise the powers conferred on, and to perform the functions assigned to it by or under this Act. (2) The Authority shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued. (3) The head office of the Authority shall be at New Delhi and the Authority may, with the previous approval of the Central Government, establish offices at other places in India. View Complete Act List Judgments citing this section