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Warehousing (Development and Regulation) Act 2007 Section 50

Title : Power of Central Government to Make Rules

State : Central

Year : 2007

(1) The Central Government may, by notification, make rules for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the following matters, namely:-- (a) the form and manner in which an application for obtaining a certificate of registration for commencing or carrying on the business of warehousing issuing negotiable warehouse receipts may be made and the fees which shall accompany such application under sub-section (2) of section 4; (b) the form in which a certificate for registration of warehouses may be issued under sub-section (3) of section 4; (c) The financial, managerial and other eligibility criteria and competence which an applicant for registration of..... View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 53

Title : Act to Have Overriding Effect

State : Central

Year : 2007

The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for time being in force or in any instrument having effect by virtue of any law other than this Act. View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 40

Title : Powers of Central Government to Issue Directions

State : Central

Year : 2007

(1) Without prejudice to the foregoing provisions of this Act, the Authority shall, in exercise of its powers and performance of its functions under this Act, be bound by such directions on questions of policy, other than those relating to technical and administrative matters, as the Central Government may give in writing to it from time to time: Provided that the Authority shall, as far as practicable, be given an opportunity to express its views before any direction is given under this sub-section. (2) The decision of the Central Government, whether a question is one of policy or not, shall be final. View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 5

Title : Registration of Accreditation Agencies

State : Central

Year : 2007

(1) The Authority shall, from time to time, determine the number of accreditation agencies as it may authorise to issue certificate of accreditation to warehouses issuing negotiable warehouse receipts. (2) Any person fulfilling the qualifications and other requirements as may be prescribed and desirous of functioning as an accreditation agency under this Act may make an application to the Authority seeking its registration as such under this Act. (3) Every application under sub-section (2) shall be in such form and manner and shall be accompanied by such fees and security deposit as may be prescribed. (4) The form in which and the terms and conditions subject to which a certificate of registration as an accreditation agency may be issued under this section shall be such as may be..... View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 46

Title : Chairperson, Member, Officers and Other Employees of Authority Tobe Public Servants

State : Central

Year : 2007

The Chairperson, members, officers and other employees of Authority and Appellate Authority shall be deemed, when acting or purporting to act in pursuance of any of the provisions of this Act, to be public servants within the meaning of section 21 of the Indian Penal Code(45 of 1960). View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 54

Title : Powers to Remove Difficulties

State : Central

Year : 2007

(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as appear to it to be necessary for removing the difficulty: Provided that no such order shall be made under this section after the expiry of three years from the date of commencement of this Act. (2) Every order made under this section shall, as soon as may be after it is made, be laid before each House of Parliament. View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 55

Title : Amendment of Act 2 of 1899

State : Central

Year : 2007

After section 8B of the Stamp Act, 1899, the following section shall be inserted, namely:--- "8C. Negotiable warehouse receipts not liable to stamp duty-Notwithstanding anything contained in this Act, negotiable warehouse receipts shall not be liable to stamp duty.". View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Section 41

Title : Power of Central Government to Supersede Authority

State : Central

Year : 2007

(1) If, at any time, the Central Government is of the opinion-- (a) that, on account of circumstances beyond the control of the Authority, it is unable to discharge the functions or perform the duties imposed on it by or under the provisions of this Act; or (b) that the Authority has persistently defaulted in complying with any direction given by the Central Government under this Act or in the discharge of the functions or performance of the duties imposed on it by or under the provisions of this Act and as a result of such default the financial position of the Authority or the administration of the Authority has suffered; or (c) that circumstances exist which render it necessary in the public interest so to do, the Central Government may, by notification and for reasons to be..... View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Preamble 1

Title : Warehousing (Development and Regulation) Act, 2007

State : Central

Year : 2007

THE WAREHOUSING (DEVELOPMENT AND REGULATION) ACT, 2007 [Act No. 37 of 2007] [19th September, 2007] 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:-- View Complete Act      List Judgments citing this section

Warehousing (Development and Regulation) Act 2007 Chapter VI

Title : 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 section


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