Vidhi Codex

The Maharashtra Warehouses Act

The Maharashtra Warehouses Act

Corporate196043 sections6 chapters

The Maharashtra Warehouses Act regulates the public warehousing sector in the state of Maharashtra, India. It applies to warehouse operators, depositors storing goods, and licensed weighers, samplers, or graders. The law requires warehousemen to obtain operational licenses, maintain suitable facilities, insure stored goods against fire or burglary, and issue legally transferable receipts for deposits. This legislation matters because it protects depositors from loss by establishing clear safety, quality, and hygiene standards. Additionally, by regulating warehouse receipts as transferable documents of title, it facilitates trade and helps farmers and other depositors to easily secure bank financing against their stored agricultural goods.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title, extent and commencement.
  2. 2Definitions.

Chapter II LICENSING OF BUSINESS OF WAREHOUSING →

  1. 3Prohibition of carrying on business of warehousing without licence.
  2. 4Applications for, and grant of, licences.
  3. 5Conditions for grant of licence.
  4. 6Term and renewal of licence.
  5. 7Notice of refusal to grant or renew licence.
  6. 8Licence when to be revoked.
  7. 9Notice to be given before revocation of licence, and suspension and revocation of licence.
  8. 10Appeals and revision.
  9. 11Return of licences.
  10. 12Duplicate licences.

Chapter III DUTIES OF A WAREHOUSEMAN →

  1. 13Reasonable care of goods stored.
  2. 14Precautions against damage or injury to goods.
  3. 15Preservation of identity of goods.
  4. 16Goods deteriorating in warehouses and their disposal.
  5. 17Delivery of goods.
  6. 18Warehouseman not entitled to excess nor responsible for shortage of goods.
  7. 19Accounts, books, etc. to be maintained by warehouseman.
  8. 20Insurance of goods in warehouses.
  9. 21Discrimination prohibited.
  10. 22Warehouseman, other than co-operative society etc. not to lend money against goods in warehouse.

Chapter IV INSPECTION AND GRADING OF GOODS →

  1. 23Inspection.
  2. 24Licensed weighers, samplers and graders.
  3. 25Term and renewal of licence.
  4. 26Suspension or revocation of licences.
  5. 27Return of licences.
  6. 28Prohibition of unlicensed weighers, samplers and graders.
  7. 29Duplicate licences.
  8. 30Facilities for weighing, sampling and grading.

Chapter V WAREHOUSE RECEIPTS →

  1. 31Issue of receipts.
  2. 32Receipt transferable by endorsement.
  3. 33Duplicate receipts.

Chapter VI MISCELLANEOUS →

  1. 34Security amount to be forfeited and recovered as arrears of land revenue.
  2. 35Penalty.
  3. 36No compensation for suspension or cancellation of licence.
  4. 37Contracts and agreements inconsistent with Act to be void.
  5. 38Power of State Government to delegate its powers.
  6. 39Power of State Government to amend Schedule.
  7. 40Power of State Government to exempt warehouses.
  8. 41Rules.
  9. 42Repeal and savings.
  10. 43Act not to apply to warehouses under Sea Customs Act, 1878, etc.

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