section 5
Conditions of licence
The Warehousing Corporation Act, 1957Corporate195734 sections6 chapters
Chapter II LICENSING OF WAREHOUSES
Statutory text
- (1) Before granting a licence the prescribed authority shall satisfy itself-
- (a) that the warehouse is suitable for proper storage of the class or classes of goods in respect of which the licence has been applied for;
- (b) that the applicant is financially sound;
- (c) that the applicant has paid the fee prescribed for the licence and has also paid or given the prescribed security, if any.
- (2) The Government may, by notification in the official Gazette, add to or alter the conditions under this section.
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