Bare Act

The Madhya Pradesh Agricultural Warehouse Act, 1947

Corporate194725 sections

The Madhya Pradesh Agricultural Warehouse Act, 1947, establishes a regulatory framework for the storage of agricultural produce. It mandates that anyone operating a warehouse for agricultural goods must obtain a government license, ensuring that facilities meet specific standards of suitability and competence. The Act protects farmers (depositors) by requiring warehousemen to maintain proper records, preserve the identity of stored goods, and provide insurance. It also regulates the issuance of warehouse receipts, which are transferable, allowing farmers to use them as financial instruments. Ultimately, this law promotes transparency, prevents exploitation, and ensures the safe, orderly storage of essential agricultural commodities.

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