Warehouseman not to deal in or lend money on goods in warehouse

Notwithstanding anything contained in any other law for the time being in force no warehouseman other than a Co-operative Society or the Central or any State Warehousing Corporation set up under the Agricultural Produce (Development and Warehousing) Corporation Act, 1956, shall, either on his own account or that of others, deal in, or lend money on, goods received by him for deposit in its warehouse.