Vidhi Codex

The Punjab Warehouses Act, 1957

The Punjab Warehouses Act, 1957

Corporate195735 sections

The Punjab Warehouses Act, 1957 regulates the establishment, licensing, and operation of public warehouses for storing specified agricultural and industrial goods across Punjab. It applies to warehouse operators, depositors, and licensed weighers, samplers, and graders. Under this legislation, warehousemen must obtain proper licences, maintain suitable premises, exercise reasonable care, issue standardized transferable receipts, and insure stored goods against specified risks. The law prohibits unauthorized business conduct, price discrimination, and unauthorized dealing in stored goods. By safeguarding depositors against loss or damage and establishing standardized warehouse receipts, the law facilitates safe storage, transparent trade, and credit access for depositors.

Start reading →Read full ActSections
  1. 1. SHORT TITLE, EXTENT AND COMMENCEMENT.
  2. 2. DEFINITIONS
  3. 3. WAREHOUSEMAN.
  4. 4. APPLICATION FOR GRANT OF LICENCE.
  5. 5. CONDITIONS OF LICENCE.
  6. 6. TERM AND RENEWAL OF LICENCE.
  7. 7. NOTICE OF REFUSAL TO GRANT OR RENEW LICENCE.
  8. 8. SUSPENSION AND CANCELLATION OF LICENCE.
  9. 9. NOTICE OF SUSPENSION AND CANCELLATION OF LICENCE.
  10. 10. RETURN OF LICENCE.
  11. 11. DUPLICATE LICENCE.
  12. 12. REASONABLE CARE OF THE GOODS DEPOSITED.
  13. 13. PRECAUTIONS AGAINST DAMAGE OR INJURY TO GOODS.
  14. 14. PRESERVATION OF IDENTITY OF GOODS.
  15. 15. GOODS DETERIORATING IN WAREHOUSE AND THEIR DISPOSAL.
  16. 16. DELIVERY OF GOODS.
  17. 17. LIABILITY OF WAREHOUSEMAN FOR SHORTAGE OR EXCESS IN GOODS STORED.
  18. 18. INSURANCE OF GOODS IN WAREHOUSE.
  19. 19. DISCRIMINATION PROHIBITED.
  20. 20. WAREHOUSEMAN NOT TO DEAL IN OR LEND AGAINST GOODS IN WAREHOUSE.
  21. 21. ACCOUNTS, ETC., TO BE MAINTAINED.
  22. 22. INSPECTION
  23. 23. WEIGHERS, SAMPLERS AND GRADERS TO OBTAIN LICENCES.
  24. 24. PROVISIONS REGARDING SUCH LICENCES.
  25. 25. FACILITIES TO BE GIVEN FOR WEIGHING GOODS, ETC.
  26. 26. RECEIPT TO BE ISSUED.
  27. 27. RECEIPT FOR DEPOSITS IN WAREHOUSES.
  28. 28. DUPLICATE RECEIPT.
  29. 29. APPEALS AGAINST CERTAIN ORDERS OF PRESCRIBED AUTHORITY.
  30. 30. NO COMPENSATION FOR SUSPENSION OR CANCELLATION OF LICENCE.
  31. 31. CONTRACTS AND AGREEMENTS IN CONSISTENT WITH ACT TO BE VOID.
  32. 32. PENALTY AND PROCEDURE.
  33. 33. FORFEITURE OF SECURITY.
  34. 34. POWER TO MAKE RULES.
  35. Schedule. Goods Specified in the Schedule to the Act

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