Warehousing (Development and Regulation) Registration of Warehouses (Amendment) Rules, 2022

Apr 11, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Ministry Of Consumer Affairs, Food And Public Distribution on April 05, 2022 has issued the Warehousing (Development and Regulation) Registration of Warehouses (Amendment) Rules, 2022 to further amend the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017.

The following amendments have been made:

• In rule 4, which specifies Filing of Application, sub-rule (1A) has been inserted, namely:

“(1A) The Authority shall, from time to time, notify the type of goods that may be, the subject matter of a negotiable warehouse receipt”

• The third schedule, which specifies Application fees for registration and renewal with the Authority has been substituted.

• The Seventh Schedule, which specifies Minimum net worth requirements for registration with the Authority has been substituted.

[Notification No. G.S.R. 287(E)]


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