Home India Warehousing Development and Regulatory Authority In exercise of the powers conferred by clauses h and p of su...
Date: 2019-01-31 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by clauses h and p of sub section 2 of section 35 of the Warehousing Development and Regulation Act

Issued by Warehousing Development and Regulatory Authority · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Warehousing Development and Regulatory Authority (WDRA) outlines the revised procedure for the security deposit required for warehouse registration. It specifies the conditions, amounts, and methods for submitting the security deposit, including fixed and dynamic components. The notification includes provisions for Farmer Producer Organizations, Cooperative societies and entities created under an Act of Parliament or State legislature, and indemnity bonds in lieu of a security deposit. Key Points / Main Content: Revised Security Deposit Procedure * Supersedes the notification dated July 6, 2017, regarding security deposits for warehouse registration. Security Deposit Submission: * Applicants seeking warehouse registration with WDRA must submit a security deposit before a registration certificate is issued. * The security deposit must be submitted within 21 working days of receiving notification from the Authority. * Failure to submit within the specified period may result in application rejection, unless sufficient cause is shown and an extension is granted. * Upon submission of the security deposit in the specified form and manner, the Authority will issue a registration certificate within five working days. Components of Security Deposit: * The security deposit has two components: fixed and dynamic. * Fixed Security Deposit: ₹1 lakh per warehouse belonging to the warehouseman registered with WDRA. * Dynamic Security Deposit: A percentage of the maximum value of outstanding negotiable and non-negotiable warehouse receipts (electronic or physical) in all registered warehouses of the warehouseman during the preceding month (referred to as "T"). * Slab-based calculation for dynamic security deposit based on the value of "T" is provided. * Fixed Security Deposit must be maintained for six months beyond the registration period. * Dynamic Security Deposit must be updated monthly and submitted to the Authority. * The validity of the dynamic Security Deposit should be kept for a period of at least six months. * The Authority may adjust existing security deposits against new requirements. * For Farmer Producer Organizations or Cooperatives, the total fixed Security Deposit is ₹50,000 per warehouse. Forms of Security Deposit: * Security Deposit can be in the form of Bank Fixed Deposits or Bank Guarantee favouring WDRA, as per the format in the First Schedule, for six months beyond registration expiry. * Entities created under an Act of Parliament or State legislature may provide an Indemnity Bond as per the Second Schedule. * Entities submitting an Indemnity Bond must include a resolution from their Board of Directors. Release of Security Deposit: * The Security Deposit will not be released until six months after expiry, cancellation, or surrender of warehouse registration, or until all claims against it are satisfied, whichever is later. * The Authority will refund the security deposit if an application for renewal is rejected, or if the registration is surrendered or cancelled, and the warehouseman has met all obligations. Other Provisions: * Warehousemen cannot increase charges payable by depositors during the validity of issued negotiable warehouse receipts, regardless of security deposit revisions. Impact Analysis: Warehousemen/Warehouse Service Providers (WSP): * Impact: Must comply with revised security deposit requirements to obtain and maintain warehouse registration. * Action Required: Calculate and submit the required security deposit (fixed and dynamic) within 21 working days of notification, in the specified format (Bank Guarantee, Fixed Deposit, or Indemnity Bond if eligible). Warehousing Development and Regulatory Authority (WDRA): * Impact: Responsible for implementing and overseeing the revised security deposit procedure. * Action Required: Review security deposits, issue registration certificates, and manage refunds according to the new guidelines. Depositors: * Impact: Protected from increased charges during the validity period of their negotiable warehouse receipts. * Action Required: Be aware of their rights regarding charges during the validity of their negotiable warehouse receipts. Farmer Producer Organizations/Cooperatives: * Impact: Benefit from a reduced fixed security deposit of ₹50,000 per warehouse. * Action Required: Comply with the security deposit requirements, taking into account the reduced rate, and submit the necessary documentation. Entities Created under an Act of Parliament or State Legislature: * Impact: May be allowed to submit an Indemnity Bond in lieu of a security deposit. * Action Required: Obtain authorization from the Authority, pass a Board resolution, and submit the Indemnity Bond as per the Second Schedule.

Key Entities Referenced

Bank Guarantee: A financial instrument used as a form of security deposit for warehouse registration. Warehousing Development and Regulatory Authority: A regulatory body referred to as 'the Authority' responsible for the development and regulation of warehouses and the negotiability of warehouse receipts. Warehousing Development and Regulation Act, 2007: The Act of Parliament that established the Warehousing Development and Regulatory Authority and governs the warehousing sector in India. Warehousing Development and Regulation Registration of Warehouses Rules, 2017: The rules which govern the registration of warehouses. Warehouse Service Provider: An entity seeking registration of their warehouses with the Warehousing Development and Regulatory Authority (WDRA). Negotiable Warehouse Receipt: A document of title, issued by a warehouseman, evidencing the receipt of goods for storage. Farmer Producer Organization: An organization of farmers New Delhi: Location of Warehousing Development and Regulatory Authority office. Siri Institutional Area, August Kranti Marg, New Delhi
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jftLVªh laö Mhö ,yö&33004@99 REGD. NO. D. L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 34] ubZ fnYyh] c`gLifrokj] tuojh 31] 2019@ek?k 11] 1940 No. 34] NEW DELHI, THURSDAY, JANUARY 31, 2019/MAGHA 11, 1940 Hkk.Mkxkj.k fodkl vkSj fofu;ked Ákf/kdj.k vf/klwpuk ubZ fnYyh] 22 tuojh] 2019 Hkk.Mkxkj.k fodkl vkSj fofu;ked Ákf/kdj.k ds lkFk Hkk.Mkxkj¼jkasa½ ds iathdj.k gsrq vko’;d ÁfrHkwfr tek la-MCywMhvkj,@2017@1&1¼1½@rduhdh@-&Hkk.Mkxkj.k ¼fodkl vkSj fofu;eu½ Hkk.Mkxkj.k ita hdj.k fu;e] 2017 d s fu;e 19 d s mi fu;e ¼1½ d s lkFk ifBr Hkk.Mkxkj.k ¼fodkl vkSj fofu;eu½ vf/kfu;e] 2007 ¼2007 dk 37½ dh /kkjk 35 dh mi&/kkjk ¼2½ d s [kMa ¼t½ ,o a ¼r½ }kjk ÁnÙk “kfä;k sa dk Á;kxs djr s gq, 6 tqykbZ 2017 dh vf/klpw uk l-a foKkiu&III@4@vlk-@137@17 d s vf/kØe.k e sa Hkk.Mkxkj.k fodkl ,o a fofu;ked Ákf/kdj.k ¼ftl s ;gk¡ bld s ckn Ákf/kdj.k dgk x;k gS½ ,rn~}kjk Ákf/kdj.k d s lkFk Hkk.Mkxkjka s d s ita hdj.k d s fy, vko“;d ÁfrHkfwr tek gsrq fuEufyf[kr ÁfØ;k vf/klfwpr djrk gS%& 1- ita hdj.k Áek.ki= tkjh fd, tku s l s iwo Z Hkk.Mkxkj.k fodkl ,o a fofu;ked Ákf/kdj.k ¼MCyMw hvkj,½ d s lkFk Hkk.Mkxkj¼jk½sa d s ita hdj.k d s fy, vuqjk/s k dju s oky s vkons d Hkk.Mkxkj@Hkk.Mkxkj lsok Ánkrk ¼MCy,w lih½ }kjk] Ákf/kdj.k dk s ÁfrHkfwr tek ÁLrqr djuh gkxs hA bl lca /a k e sa Ákf/kdj.k l s lpw uk tkjh gkus s d s 21 dk;Z fnol d s Hkhrj ÁfrHkfwr tek ÁLrqr djuk vko“;d gAS 2- ;fn vkons d mi;Zqäkuqlkj fufnZ"V vof/k d s Hkhrj ÁfrHkfwr tek ÁLrqr dju s e sa foQy jgrk g S rk]s vkons u dk s fujLr ekuk tk,xk c“kr sZ Ákf/kdj.k larq"V gk s tk, fd vkons d }kjk 21 dk; Z fnol dh mä vof/k d s Hkhrj ÁfrHkfwr tek ÁLrqr u dju s gsrq i;kIZr dkj.k ekStnw FkkA ml fLFkfr e sa vkons d dk s Ákf/kdj.k d s fu.k;Z kuqlkj foLrkfjr vof/k d s Hkhrj ÁfrHkfwr tek ÁLrqr dju s dh vuqefr gkxs hA 3- ;fn vkons d uhp s fufnZ"V Ák:i vkjS rjhd s l s ÁfrHkfwr tek ÁLrqr djrk gS rk]s Ákf/kdj.k Hkk.Mkxkj.k ¼fodkl vkSj fofu;eu½ Hkk.Mkxkj ita hdj.k fu;e] 2017 dh pkSFkh vuqlpw h e sa fufnZ"V Ák:i e sa ik¡p dk; Z fnol d s Hkhrj vkons d dk s Hkk.Mkxkj d s lca /a k e sa ita hdj.k Áek.ki= tkjh djxs kA 645 GI/2019 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] 4- vkons d ;k Hkk.Mkxkjiky }kjk ÁLrqr dh tku s okyh ÁfrHkfwr tek dh jkf“k rFkk rjhds s dk C;kSjk fuEuor gS% ¼i½ Hkk.Mkxkjiky] Hkk.Mkxkj d s ita hdj.k dh vof/k d s nkjS ku Ákf/kdj.k }kjk /kkfjr ÁfrHkfwr tek dk s cuk, j[kxs kA ÁfrHkfwr tek d s nk s ?kVd vFkkZr~ fLFkj rFkk xR;kRed ÁfrHkfwr tek gASa fLFkj ÁfrHkfwr tek Hkk.Mkxkj.k fodkl ,o a fofu;ked Ákf/kdj.k d s lkFk Hkk.Mkxkjiky l s lca fa/kr ÁR;ds ita hd`r HkkMa kxkj d s fy, 1 yk[k :@&g S ¼ Hkk.Mkxkjk sa d s ita hdj.k d s fy, fuEufyf[kr rkfydk d s dkWye *x* e sa fooj.k fn;k x;k gS½] tcfd] xR;kRed ÁfrHkfwr tek iwoZorh Z ekg d s nkSjku fdlh Hkh fnu Hkk.Mkxkjiky d s lHkh ita hd`r Hkk.Mkxkjka s e sa tkjh dqy ijØkE; rFkk vijØkE; jlhnk sa ¼pkg s o s byDs Vªkfsud vFkok HkkSfrd fdlh :i e sa gk sa ½ mPpre eYw ; dk Áfr“kr gS] ftl s ;gk ¡ uhp s rkfydk e sa *Vh* d s :i e sa fn[kk;k x;k gSA ijØkE; rFkk vijØkE; Hkk.Mkxkj jlhnk sa ¼pkg s o s byDs Vªkfsud vFkok HkkfSrd fdlh :i e sa gk sa ½ d s eYw ; dk Áfr“kr LySck sa e sa uhp s rkfydk e sa ¼*d* ,o a *[k* e sa fooj.k½ fn;k x;k gAS LycS e s *d* iwoorh Z LySc e sa vifs{kr ÁfrHkfwr tek g S tcfd *[k* lna fHkZr LycS e sa xR;kRed ÁfrHkfwr tek d s fy, gAS fLFkj ¼dkWye x½ rFkk xR;kRed ¼ dkWye d ,o a [k½ ÁfrHkfwr uhp s rkfydk d s vuqlkj cuk, j[kuh gkxs h % xR;kRed ÁfrHkwfr tek fLFkj ÁfrHkwfr tek LySc d [k Xk ^Vh^ 25 djkMs + :i, l s 0 ^Vh^ eYw ; dk 3 Áfr“kr 1 yk[k :i, Áfr de ;k leku g S Hkk.Mkxkj ^Vh^ 25 djkMs + :i, l s 75 yk[k :i, 25 djkMs + :i, l s vf/kd 1 yk[k :i, Áfr vf/kd vkSj 250 djkMs + ^Vh^ eYw ; dk 1-5 Áfr“kr Hkk.Mkxkj :i, rd g S ^Vh^ 250 djkMs + :i, l s 4-125 djkMs + :Ik, 250 djkMs + :i, l s vf/kd 1 yk[k :i, Áfr vf/kd vkSj 2]500 djkMs + ^Vh^ eYw ; dk 1 Áfr“kr Hkk.Mkxkj :i, rd g S ^Vh^ 2]500 djkMs + :i, l s 26-625 djkMs + :Ik, 2]500 djkMs + :i, l s 1 yk[k :i, Áfr vf/kd g S vf/kd ^Vh^ eYw ; dk 0-5 Hkk.Mkxkj Áfr“kr ¼ii½ fLFkj ÁfrHkfwr tek ita hdj.k vof/k l s Åij Ng ekg rd d s fy, cuk, j[kuh gkxs h tcfd xR;kRed ÁfrHkfwr tek dk s ÁR;ds ekg d s var e sa v|ru dj Ákf/kdj.k dk s ÁLrqr fd;k tk,xk ftldh Ákf/kdj.k }kjk fof/kor ikorh nh tk,xhA ÁfrHkfwr tek dh oS/krk de l s de Ng eghu s d s fy, j[kh tk ldrh gS rkfd ÁfrHkfwr tek e sa fdUgha ifjorZuk sa dk /;ku j[kk tk ldAs ¼iii½ Ákf/kdj.k viu s foods kuqlkj Hkk.Mkxkjiky }kjk igy s l s tek ÁfrHkfwr dk s orZeku ÁfrHkfwr tek d s :i e sa ÁLrqr dh tku s okyh vifs{kr jkf“k d s fo:) lek;kfstr dj ldrk gAS ¼iv½ tgk a vkons d@Hkk.Mkxkjiky dkbs Z fdlku mRiknd lxa Bu ;k dkbs Z lgdkfjrk gS] rk s dqy ÁfrHkfwr tek 50]000@& :i, ¼fu/kkfZjr½ Áfr Hkk.Mkxkj gkxs hA ¼v½ ÁfrHkfwr tek ita hdj.k dh lekfIr l s 6 ekg rd igyh vuqlpw h e sa fn, x, Ák:i d s vuqlkj MCyMw hvkj, d s i{k e sa cSda xkkjVa h ;k lkof/k tek d s :i e sa gkxs hA ¼vi½ Ákf/kdj.k laln d s fdlh vf/kfu;e ;k fdlh jkT; fo/kkulHkk d s varxZr cuk, x, fudk; dk s nlw jh vuqlpw h e sa fn, x, Ák:i d s vuqlkj ÁfrHkfwr tek d s :i e sa vifs{kr jkf“k gsrq ,d {kfrifwr Z c/a ki= miyC/k djoku s dh vuqefr n s ldrk gSA ¼vii½ Ákf/kdj.k }kjk {kfrifwrZ c/a ki= ÁLrqr dju s d s fy, vuqefr ÁkIr dkbs Z fudk; ita hdj.k gsrq viu s vkons u d s lkFk ,sl s {kfrifwrZ c/a ki= dk s ÁLrqr dju s d s fy, viu s fun“s kd eMa y l s ,d lda Yi ÁLrqr djxs kA ¼viii½ ÁfrHkfwr tek dk s Hkk.Mkxkj d s ita hdj.k dh lekfIr] fujLrhdj.k vFkok vH;i.Z k d s i“pkr 6 ekg rd vFkok ÁfrHkfwr tek d s Áfr ÁR;ds nko s dh larqf"V gkus s rd] tk s Hkh ckn e sa gk]s tkjh ugh a fd;k tk,xkA¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 ¼ix½ Ákf/kdj.k fdlh Hkk.Mkxkj dh ÁfrHkfwr tek okil djxs k] ;fn% d- Hkk.Mkxkj d s ita hdj.k d s uohdj.k gsrq fdlh vkons u dk s fujLr dj fn;k x;k gS vkSj ;fn Ákf/kdj.k bll s larq"V g S fd Hkk.Mkxkjiky u s viu s nkf;Rok sa dk s bu fu;ek sa d s vuqlkj fu"ikfnr fd;k gS( [k- dkbs Z Hkk.Mkxkjiky viu s ita hdj.k Áek.ki= dk vH;iZ.k djrk g S vkSj Ákf/kdj.k ,sl s vH;iZ.k dk s Lohdkj dj ysrk gS( vFkok x- fdlh Hkk.Mkxkj d s ita hdj.k d s Áek.ki= dk s fujLr dj fn;k x;k gS vkSj Ákf/kdj.k bll s larq"V gS fd Hkk.Mkxkjiky u s viu s nkf;Rok sa dk fuoZgu bu fu;ek sa d s vuqlkj fd;k gSA ¼x½ mi;qäZ ¼i½ rFkk ¼ii½ e sa fufnZ"V fd, vuqlkj ÁfrHkfwr tek d s ,sl s fdlh l“a kk/s ku d s ckotnw ] ;fn dkbs Z gS] Hkk.Mkxkjiky mUg sa tkjh ijØkE; Hkk.Mkxkj jlhnk sa dh oS/k vof/k e sa tekdrkZvk sa dk s n;s ÁHkkjk sa e sa o`f) ugh a djxs kA ÁFke vuqlwph ¼Hkk.Mkxkjiky }kjk ÁLrqr dh tkus okyh ÁfrHkwfr tek gsrq cSad xkjaVh dk Ák:i½ fun“s kd ¼Á“kklu ,o a foÙk½ Hkk.Mkxkj.k fodkl vkSj fofu;ked Ákf/kdj.k¼MCyMw hvkj,½] ,ulh;vw kb Z Hkou ¼pkSFkk ry½] 3] lhjh baLVhV~;“w kuy ,fj;k] vxLr Økfar ekxZ] gkSt [kkl] ub Z fnYyh&110016 ¼;Fkk ykx w LVkEi “kqYd d s lkFk½ gekjk xkjaVh i= la- ---------------------------------------------- 1- Hkk.Mkxkj.k fodkl vkSj fofu;ked Ákf/kdj.k] dk;kZy; ,ulh;vw kb Z Hkou ¼pkSFkk ry½] 3] lhjh baLVhV~;“w kuy ,fj;k] vxLr Økfar ekxZ] gkSt [kkl] ub Z fnYyh&110016 ¼Hkkjr½ ¼ftl s bld s ckn ;gk ¡ ßMCyMw hvkj,ß dgk x;k gS½ tc rd lna Hk Z ;k vFkZ d s foijhr u gk s bld s lHkh mÙkjkf/kdkjh] Á“kkld vkSj fu"iknd “kkfey gkxsa ½s e sa vofLFkr g S vkSj ftlu s uker%------------------------------------------------------------ ¼ cSda }kjk fof/kor i`"Bkfadr½ vFkok bl vuqlpw h d s lkFk lya xu lpw h d s vuqlkj Hkk.Mkxkj¼jk½sa l s ita hdj.k Ánku dju s ij fopkj fd;k gS@Ánku fd;k g S rFkk tk s elS lZ-------------l s lca fa/kr g S ¼ftl s bld s ckn ;gk¡ ßHkk.Mkxkjikyß dgk x;k g S ]tc rd lna Hk Z ;k vFk Z d s foijhr u gk s bld s lHkh mÙkjkf/kdkjh] Á“kkld vkSj fu"iknd “kkfey gkxsa ½s A 2- tcfd Hkk.Mkxkjiky Hkk.Mkxkj.k ¼fodkl vkSj fofu;eu½ Hkk.Mkxkj ita hdj.k fu;e] 2017 ¼ftl s bld s ckn ;gk ¡ fu;e dgk x;k g½S e sa fn, x, fuc/a ku ,o a “krk sZ d s vuqlkj Hkk.Mkxkj O;olk; d s lpa kyu dk s Li"V :i l s Lohdkj fd;k g S vkSj MCyMw hvkj, d s lkFk i.w k Z ita hdj.k d s fo“oluh; fu"iknu gsr-q----------- ------------------------ :i, ¼---------------------------------------------- :i, ek=½ d s fy, cdaS xkjVa h d s :i e sa ÁfrHkfwr tek MCyMw hvkj, dk s ÁLrqr dju s ij lger gvq k gS] ge--------------------------------------- ¼ftl s ,rni“pkr ßcSda ß dgk x;k gS½ Hkk.Mkxkjiky d s vuqjk/s k ij ,rn}kjk fu;ek sa vkSj ßMCyMw hvkj, d s Hkk.Mkxkjk sa d s ita hdj.k gsrq ÁfrHkfwr tek dh vko“;drkß lca /a kh fnukda -------------------------------- dh vf/klpw uk l-a --------------------------------- ¼ftl s ,rni“pkr vf/klpw uk dgk x;k gS½ esa lekfo"V fuc/a ku ,o a “krk sZa e sa l s Hkk.Mkxkjiky }kjk fdlh d s mYy?kua d s ekey s e sa ijØkE; Hkk.Mkxkj jlhnk sa d s /kkjd dk s gkus s okyh fdlh gkfu ;k {kfr d s fy,------------------------------------------- :i, l s vf/kd u gkus s okyh jkf“k MCyMw hvkj, dk s vnk dju s dk opu nsr s gSAa 3- ge ------------------------------------------ ¼cSda dk uke½ ,rn}kjk bl xkjVa h d s varxZr n;s rFkk Hkxq rku ;kXs ; jkf“k dk s fcuk fdlh foyca d s MCyMw hvkj, dk s ;g dgr s gq, ekxa fd, tku s ij fd nkok dh xb Z jkf“k fu;ek sa rFkk vf/klpw uk e sa lekfo"V fuc/a ku ,o a “krksZ a e sa l s fdlh “krZ d s Hkk.Mkxkjiky }kjk fd, x, mYy?a ku d s pyr s ijØkE; Hkk.Mkxkj jlhn d s /kkjd dk s gkus s okyh gkfu ;k {kfr d s dkj.k gS] ml s vnk dju s dk opu nsr s gSAa bl xkjVa h d s varxZr cSda dk s dh xb Z ,slh dkbs Z Hkh ekxa cdaS }kjk n;s rFkk Hkxq rku ;kXs ; fdlh jkf“k d s lca /a k e sa fu.kk;Z d gkxs hA rFkkfi] bl xkkjVa h d s varxZr gekjh n;s rk------------------------------------- :i, dh jkf“k l s vf/kd dh ugh a gkxs hA4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] 4- ge MCyMw hvkj, dk s bl Ádkj ekxa dh xb Z dkbs Z Hkh jkf“k vnk dju s dk opu nsr s gS]a ckotnw bld s fd Hkk.Mkxkjiky u s fdlh U;k;ky; vFkok vfHkdj.k d s le{k rRlca /a kh fdlh okn ;k dk;Zokgh e sa fdlh fookn vFkok fooknk sa dk s mBk;k gqvk gS] bld s varxZr gekjh n;s rk i.w k Z rFkk Li"V gAS bl c/a ki= d s vra xZr gekj s }kjk fd;k x;k Hkxq rku vFkok rRlca /a kh Hkxq rku gsrq n;s rk d s fy, ,d oS/k fuoZgu gkxs k vkSj ,slk Hkxq rku dju s ij Hkk.Mkxkjiky dk gekj s Áfr dkbs Z nkok ugh a gkxs kA 5- ge----------------------------------------------¼cSda dk uke½ vkx s bld s fy, Hkh lger gksr s gS a fd MCyMw hvkj, d s ikl gekjh lgefr d s fcuk vkSj bld s varxZr gekj s nkf;Rok sa dk s fdlh rjhd s l s ÁHkkfor fd, fcuk mä vuqc/a k d s fdlh fuc/a ku ,o a ‘“kr Z dk s cnyu s ;k le;&le; ij Hkk.Mkxkjiky }kjk fu"iknu d s le; e sa foLrkj dju s vFkok le;&le; ij MCyMw hvkj, }kjk Hkk.Mkxkjiky d s fo:) dh tku s okyh “kfä;k sa d s ç;kxs dk s LFkfxr dju s vSj mä le>kSr s l s lca fa/kr fuc/a ku ,o a “krksZ s dk s jkds u s ;k ykx w dju s dh i.w k Z Lora=rk gkxs h vkSj ge mä vuqc/a k l s lca fa/kr fuc/a ku ,o a “krk sZa d s varxZr viuh n;s rk l s eqä ugh a gkxs sa rFkk ge MCyMw hvkj, dh vksj l s Hkk.Mkxkjiky dk s çnku fd, x, ,sl s fdlh varj] ;k foLrkj vFkok MCyMw hvkj, dh vksj l s dkbs Z jkds ] d`R; ;k pdw vFkok Hkk.Mkxkjiky d s lkFk MCyMw hvkj, d s fdlh ÑR; e sa “kkfey gkus s vFkok fdlh Hkh vU; ekey s ;k ?kVuk l]s ftld s varxZr tekur nus s okyk sa l s lca fa/kr dkuuw k sa dk ÁHkko ge sa eqä djxs k] c“kr sZ ;g Áko/kku u gkAs 6- ;g xkjVa h cSda ;k Hkk.Mkxkjiky d s xBu e sa ifjoruZ d s dkj.k fujLr ugh a gkxs hA 7- ge---------------------------------------- ¼cSda dk uke½ varr% bl xkjVa h dk s MCyMw hvkj, dh iwo Z Lohdf`r fyf[kr e sa çkIr gkus s rd okfil u yus s dk opu nsr s gSAa 8- ;gk a dqN Hkh lekfo"V gksrs gq, Hkh%& i½ bl cSda xkjVa h d s varxZr gekjh n;s rk-------------------------------------------:i, ¼------------------------:i, ek= ½ gSA ii½ ;g cdSa xkjVa h----------------------- rd oS/k g S vkjS iii½ ge bl cdSa xkjVa h d s varxZr fdlh xkjVa h“kqnk jkf“k ;k mld s fdlh v“a k dk Hkxq rku dsoy rc rd dju s dk nkf;Ro j[kr s gS a tc rd MCyMw hvkj, ge sa ---------------------------------¼xkjVa h dh lekfIr dh frfFk½ dk s ;k mll s iwoZ fyf[kr e sa nkok ;k ekxa Hkts As fnukad------------ekg------------20 çkf/kd`r gLRkk{kjdrkZ@çca/kd dk uke d`rs ¼cSad dk uke½ ’kk[kk cSad dh eqgj f}rh; vuqlwph {kfriwfrZ ca/ki= bl {kfrifwrZ c/a ki= dk s --------------------------------- 20 dk s ---------------------------------------¼laln ;k jkT; fo/kf;dk d s fdlh vf/kfu;e d s varxZr cuk;k x;k dkbs Z fudk;] ftl s ,rni“pkr Þfudk;ß dgk x;k gS] }kjk Hkk.Mkxkj.k fodkl ,o a fofu;ked çkf/kdj.k ¼MCyMw hvkj,½] ftl s ,rni“pkr ~ ßçkf/kdj.kÞ dgk x;k gS] d s i{k e sa foy[s k }kjk fu"ikfnr fd;k x;k gSA tcfd% d½ Hkk.Mkxkj.k fodkl vkSj fofu;ked çkf/kdj.k ¼MCyMw hvkj,½dh LFkkiuk Hkk.Mkxkj.k ¼fodkl vkSj fofu;eu½ vf/kfu;e] 2007 ¼vf/kfu;e] 2007 ½ d s varxZr Hkk.Mkxkjk sa d s fodkl] Hkk.Mkxkj jlhnk sa dh ijØkE;rk d s fofu;eu vkSj Hkk.Mkxkj O;olk; d s O;ofLFkr fodkl dk s c<+kok nus s d s fy, vf/kfu;e] 2007 d s çko/kkuk sa d s dk;kZUo;u dk s fofu;fer dju s rFkk lfquf“pr dju s d s mí“s ; l s dh xb Z gAS ijØkE; Hkk.Mkxkj jlhnk sa dk s tkjh djd s fdlh Hkk.Mkxkj d s j[kj[kko d s O;olk; dk s çkjHa k dju s ;k tkjh j[ku s d s bPNqd çR;ds O;fä dk s ita hd`r gkus k vifs{kr gksrk g S vkSj bl ç;kts u gsrq Þvf/kfu;eß] 2007 d s varxZr MCyMw hvkj, ¼çkf/kdj.k½ dk s vkons u fn;k tkuk gksrk gAS [k viu s Hkk.Mkxkj dk ita hdj.k djoku s d s bPNdq çR;ds vkons d@Hkk.Mkxkj lsok çnkrk ¼MCY;,w lih½ l s çkf/kdj.k l s lpw uk çkIr gkusa s d s 21 fnol d s Hkhrj çkf/kdj.k dk s çfrHkfwr tek çLrqr djuk vifs{kr gkxs kA¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5 x- Hkk.Mkxkjiky }kjk çfrHkfwr tek ¼MCyMw hvkj, d s i{k e sa cSda xkjVa h d s :i e½sa d s :i e sa tek djokbZ tku s vkSj ita hdj.k dh vof/k d s nkjS ku cuk, j[kh tku s rFkk çR;ds ekg d s var e sa v|ru dh tku s okyh jkf“k fuEuor gS&a xR;kRed ÁfrHkwfr tek fLFkj ÁfrHkwfr tek LySc d [k Xk ^Vh^ 25 djkMs + :i, l s 0 ^Vh^ eYw ; dk 3 Áfr“kr 1 yk[k :i, Áfr de ;k leku g S Hkk.Mkxkj ^Vh^ 25 djkMs + :i, l s 75 yk[k :i, 25 djkMs + :i, l s vf/kd 1 yk[k :i, Áfr vf/kd vkSj 250 djkMs + ^Vh^ eYw ; dk 1-5 Áfr“kr Hkk.Mkxkj :i, rd g S ^Vh^ 250 djkMs + :i, l s 4-125 djkMs + :Ik, 250 djkMs + :i, l s vf/kd 1 yk[k :i, Áfr vf/kd vkSj 2]500 djkMs + ^Vh^ eYw ; dk 1 Áfr“kr Hkk.Mkxkj :i, rd g S ^Vh^ 2]500 djkMs + :i, l s 26-625 djkMs + :Ik, 2]500 djkMs + :i, l s 1 yk[k :i, Áfr vf/kd g S vf/kd ^Vh^ eYw ; dk 0-5 Hkk.Mkxkj Áfr“kr fVIi.kh% ;gka Hkk.Mkxkjiky ds lHkh iathd`r Hkk.Mkxkjksa gsrq iwoorhZ ekg esa tkjh dqy ijØkE; Hkk.Mkxkj jlkhnksa dk mPpre ewY; ßVhß ds :i esa lanfHkZr fd;k x;k gSA ?k½ Ákf/kdj.k viu s foods kuqlkj Hkk.Mkxkjiky }kjk igy s l s tek ÁfrHkfwr dk s orZeku ÁfrHkfwr tek d s :i e sa ÁLrqr dh tku s okyh vifs{kr jkf“k d s fo:) lek;kfstr dj ldrk gSA ÁfrHkfwr tek dk s Hkk.Mkxkj d s ita hdj.k dh lekfIr] fujLrhdj.k vFkok vH;i.Z k d s 6 ekg ckn rd vFkok ÁR;ds nko s dh larqf"V rd] tk s Hkh ckn e sa gk]sa tkjh ugh a fd;k tk,xkA Ákf/kdj.k d s ikl ÁfrHkfwr tek dh jkf“k dk s l“a kkfs/kr dju s dk vf/kdkj lqjf{kr gSA M-½ pw¡fd Ákf/kdj.k laln d s fdlh vf/kfu;e ;k fdlh jkT; fo?kkulHkk d s varxZr cuk, x, fudk; dk s tk s Hkk.Mkxkj d s j[kj[kko vkjS ijØkE; Hkk.Mkxkj jlhn dk s tkjh dju s dk O;olk; dj jgk gS] ÁfrHkfwr tek d s :i e sa vifs{kr jkf“k gsrq ,d {kfrifwrZ c/a ki= ÁLrqr dju s dh vuqefr n s ldrk gS vkSj Ákf/kdj.k }kjk {kfrifwr Z c/a ki= ÁLrqr dju s d s fy, vuqe;s fd;k x;k ,slk dkbs Z fudk; ita hdj.k garq viu s vkons u d s lkFk ,sl s {kfrifwr Z c/a ki= dk s ÁLrqr dju s d s fy, viu s fun“s kd eMa y dk ,d lda Yi ÁLrqr djxs kA vr% vc &&&&&&&&&&&&vf/kfu;e d s rgr LFkkfir eSllZ &&&&&& ¼fudk; dk uke½] bl {kfrifwrZ c/a ki= dh uhp s nh xb Z “krksZ a d s vuqlkj mä ijS k ßxß d s varxZr fofgr lhekvk sa rd ----------------:i, ¼---------------- -------:i, ek=½ ¼vuqyXud e sa foLr`r½ dh jkf“k] gsrq gj le; Ákf/kdj.k vFkkZr MCY; w Mh vkj , dk lHkh dkjokbZ] okn] dk;Zokgh] y[s k]s nko s rFkk ekxa ] tk s dkbs Z Hkh gk]s d s Áfr cpku]s cpko dju s rFkk {kfrifwrZ dju s d s fy, lger gksrk g S rFkk bld s fy, opu nsrk g S fd%& 1½ eSllZ-------------------------------¼fudk; dk uke½ Ákf/kdj.k d s fu;ek sa rFkk fofu;ek sa d s varxZr mldh vksj l s fu"ikfnr dh tku s okyh lHkh ck/;rkvk sa dk vuqikyu djxs kA 2½ eSllZ-------------------------------¼fudk; dk uke½ ita hdj.k dh lekfIr] fujLrhdj.k vFkok vH;i.Z k d s i“pkr 6 ekg rd vFkok ÁfrHkfwr tek d s Áfr ÁR;ds nko s dh larqf"V gkus s rd] tk s Hkh ckn e sa gk]sa Ákf/kdj.k dk s {kfrifwr Z dju s ¼mä ijS k ßxß e sa rkfydk e sa mfYyf[kr jkf“k gsrq½ dk cpu nsrk gAS 3½ eSllZ-------------------------------¼fudk; dk uke½ fdlh Hkk.Mkxkj d s lca /a k e sa {kfrifwr Z c/a ki= d s varxZr viu s nkf;Rok sa l s eqDr rc ekuk tk,xk] ;fn & d- Hkk.Mkxkj d s ita hdj.k d s uohdj.k gsrq fdlh vkons u dk s fujLr dj fn;k x;k g S vkSj ;fn Ákf/kdj.k bll s larq"V g S fd Hkk.Mkxkjiky u s viuh nkf;Rok sa dk bu fu;ek sa d s vuqlkj fu"ikfnr fd;k gS( [k- ;fn Hkk.Mkxkjiky viu s ita hdj.k Áek.ki= dk vH;iZ.k djrk g S vkSj Ákf/kdj.k ,sl s vH;i.Z k dk s Lohdkj dj ysrk gS( vFkok x- ;fn fdlh Hkk.Mkxkj d s ita hdj.k d s Áek.ki= dk s fujLr dj fn;k x;k g S vkSj Ákf/kdj.k bll s larq"V g S fd Hkk.Mkxkjiky u s viu s nkf;Rok sa dk fuoZgu bu fu;ek sa d s vuqlkj fd;k gAS6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] 4½ eSllZ-------------------------------¼fudk; dk uke½] ijØkE; Hkk.Mkxkj jlhn dh vof/k d s Hkhrj tekdrkZvk sa }kjk n;s njk sa e sa of`) u dju s dk opu nsrk gAS 5½ eSllZ--------------------------------¼fudk; dk uke½ ,rnn~okjk lger g S fd Ákf/kdj.k dk s gkus s okyh gkfu@{kfr ¼ mDr iSjk *x* dh lhek rd½ dh mld s n~okjk {kfrifwr Z dh tk,xhA 6½ bl {kfrifwrZ c/a ki= dh oS/krk ekg&&&&&&&&&&&& 20 d s &&&&&&&&&&& fnu rd gkxs hA fuEukfadr d s lk{;kda u e sa bl {kfrifwrZ c/a ki= dk s fnuk¡d---------------- 20----- dk s fu"ikfnr fd;k x;kA fu"iknd uke--------------------------- inuke---------------------- laxBu---------------------- ¼eqgj lfgr½ lkf{k;k sa dh mifLFkfr e&sa 1½ 2½ f}rh; vuqlwph dk vuqyXud {kfriwfrZ esa ’kkfey fd, x, Hkk.Mkxjksa dk fooj.k Øe la- Hkk.Mkxkj dk uke rFkk irk {kerk eh- Vu- esa fu"iknd x.k“s k ,-s ckdM s - fun“s kd ¼Á“kklu ,o a foRr½ [िव(cid:3)ापन-III/4/असा./513/18] WAREHOUSING DEVELOPMENT AND REGULATORY AUTHORITY NOTIFICATION New Delhi, the 22nd January, 2019 Requirement of Security Deposit for registration of warehouse (s) with the Warehousing Development and Regulatory Authority No. WDRA/2017/1-1(1)/Tech.—In exercise of the powers conferred by clauses (h) and (p) of sub-section (2) of section 35 of the Warehousing (Development and Regulation) Act, 2007 (37 of 2007) read with sub rule (1) of rule 19 of the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017, the Warehousing Development and Regulatory Authority (hereinafter referred as the Authority), in supersession of the notification dated 6th July, 2017 vide ADVT.-III/4/Exty./137/17, hereby notifies the following revised procedure for requirement of Security Deposit for registration of warehouses with the Authority: 1. The applicant warehouse/ Warehouse Service Provider (WSP) seeking registration of their warehouse(s) with the Warehousing Development and Regulatory Authority (WDRA) shall submit a Security Deposit to the Authority before issue of a registration certificate. The Security Deposit shall be required to be submitted within 21 working days after issue of a communication by the Authority to this effect.¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 7 2. If the applicant fails to submit the Security Deposit within the period specified as above, the application shall be deemed to have been rejected, provided that the Authority may, if it is satisfied that the applicant was prevented by sufficient cause from submitting the security deposit within the said period of twenty-one working days, allow it to submit the security deposit within such extended time as may be decided by the Authority. 3. If the applicant submits the Security Deposit in the form and manner specified below, the Authority shall issue a certificate of registration to the applicant in respect of the warehouse to the applicant within five working days in the form specified in the Fourth Schedule of the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017. 4. Details of the amount and manner of Security Deposit to be furnished by the applicant or the warehouseman are given as under: i. The warehouseman shall maintain a Security Deposit to be held by the Authority during period of registration. The Security Deposit has two components, i.e. fixed and dynamic Security Deposit. The fixed Security Deposit is Rs. 1 lakh per warehouse belonging to the warehouseman registered with WDRA (detailed in the column C in the table below for registration of warehouses), whereas, the dynamic Security Deposit is a percentage of the maximum value of negotiable and non-negotiable warehouse receipts (whether in electronic or physical form) put together outstanding consolidatively in all the registered warehouses of the warehouseman on any day during the preceding month, referred as T in the table below. The percentage of the value of negotiable and non- negotiable warehouse receipts (whether in electronic or physical form) is in slabs (detailed in the column A & B in the table below). A is the required Security Deposit in the previous slab whereas B is Security Deposit required in the referred slab for the dynamic Security Deposit. The value of fixed (Column C) and dynamic (Column A & B) Security Deposit shall be maintained as in the table below: Slab Dynamic Security Deposit Fixed Security Deposit A B C T is less than or equal to Rs.25 crore 0 3% of T Rs. 1 lakh per warehouse T is above Rs.25 crore and up to 250 Rs. 75 lakh 1.5% of excess of T over Rs. 1 lakh per warehouse crore Rs. 25 crore T is above Rs.250 crore and up to Rs. 4.125 1% of excess of T over Rs. 1 lakh per warehouse 2,500 crore crore Rs. 250 crore T is above Rs.2,500 crore Rs. 26.625 0.5% of excess of T over Rs. 1 lakh per warehouse crore Rs. 2500 crore ii. The fixed Security Deposit shall be maintained for a period of six months beyond the registration period whereas the dynamic Security Deposit shall be updated at the end of each month and submitted to the Authority which shall be duly acknowledged. The validity of dynamic Security Deposit can be kept for a period of at least six months so as to take care of any changes in the requirement of Security Deposit. iii. The Authority may, at its discretion, adjust the Security Deposit already furnished by the warehouseman against the amount required to be furnished as Security Deposit. iv. Where the applicant/ warehouseman is a Farmer Producer Organization or a Co-operative, the total Security Deposit would be Rs. 50,000 (fixed) per warehouse. v. The Security Deposit shall be in the form of Bank Fixed Deposits or in form of Bank Guarantee, favouring WDRA as per the format given in First Schedule for a period of six months beyond the expiry of Registration. vi. The Authority may allow any entity created under an Act of Parliament or of State legislature to8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] provide, an Indemnity Bond for the amount required as Security Deposit, as per format given in the Second Schedule. vii. An entity allowed by the Authority to submit an Indemnity Bond shall submit, along with its application for registration, a resolution from its Board of Directors authorizing to furnish such Indemnity Bond. viii. The Security Deposit shall not be released until six months after expiry, cancellation or surrender of the registration of the warehouse or until after satisfaction of every claim against the Security Deposit, whichever is later. ix. The Authority shall refund the security deposit in respect of a warehouse, if – a. an application for renewal of registration of the warehouse has been rejected and if the Authority is satisfied that the warehouseman has discharged his obligations as per the requirements of these rules; b. a warehouseman surrenders his certificate of registration, and the Authority accepts such surrender; or c. the certificate of registration of a warehouse is cancelled, and the Authority is satisfied that the warehouseman has discharged his obligations as per the requirements of these rules. x. Notwithstanding such revision of the Security Deposit as specified at (i) & (ii) above, if any, the warehouseman shall not increase the charges payable by the depositors within the period of validity of negotiable warehouse receipts issued to them. The First Schedule (Format for Bank Guarantee for Security Deposit Payment to be submitted by Warehouseman) Director (Administration & Finance) Warehousing Development and Regulatory Authority (WDRA) NCUI Building (4th Floor), 3, Siri Institutional Area, August Kranti Marg, Hauz Khas, New Delhi – 110016 (With due stamp duty as applicable) OUR LETTER OF GUARANTEE No. : 1. In consideration of Warehousing Development and Regulatory Authority, having its office at NCUI Building (4th Floor), 3, Siri Institutional Area, August Kranti Marg, Hauz Khas, Delhi – 110016 (INDIA) (hereinafter referred to as “WDRA” which expression shall unless repugnant to the content or meaning thereof include all its successors, administrators and executors) and having considered granting/ granted registration of the warehouse (s), namely, ___________________or as per list annexed with this schedule (duly endorsed by the Bank) belonging to M/s ________________(hereinafter referred to as “The Warehouseman” which expression unless repugnant to the content or meaning thereof, shall include all the successors, administrators, and executors). 2. WHEREAS the Warehouseman having unequivocally accepted to conduct business of warehousing as per terms and conditions given in the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017 (hereinafter referred as the Rules) and having agreed to furnish to WDRA a Security Deposit in the form of a Bank Guarantee for Rs......... (Rupees................ only) for the faithful performance of the entire registration with the WDRA, we.......................................................................... (hereinafter referred to as "the Bank") at the request of the warehouseman do hereby undertake to pay to the WDRA an amount not exceeding Rs …… against any loss or damage caused to or suffered by the holder of the negotiable warehouse receipt due to breach by the warehouseman of any of the terms and conditions contained in the Rules and the notification No dated ……on“Requirement of Security Deposit for registration of warehouses¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 9 with the WDRA” (hereinafter referred as the notification). 3. We........................................................ (Name of the Bank) do hereby undertake to pay the amount due and payable under this guarantee without any demur merely on a demand from the WDRA stating that the amount claimed is due by way of loss or damage caused to or suffered by the holder of the negotiable warehouse receipt due to breach by the warehouseman of any of the terms and conditions contained in the Rules and the notification. Any such demand made on the bank shall be conclusive as regards the amount due and payable by the Bank under this guarantee. However, our liability under this guarantee shall be restricted to an amount not exceeding Rs......... 4. We undertake to pay to the WDRA any money so demanded notwithstanding any dispute or disputes raised by the warehouseman in any suit or proceeding pending before any court or Tribunal relating thereto, our liability under this present being absolute and unequivocal. The payment so made by us under this bond shall be a valid discharge or our liability for payment thereunder and the warehouseman shall have no claim against us for making such payment. 5. We............................................................................................ (Name of the Bank) further agree that the WDRA shall have the fullest liberty without our consent and without affecting in any manner our obligations hereunder to vary any of the terms and conditions of the said Agreement or to extend time of performance by the warehouseman from time to time or to postpone for any time or from time to time any of the powers exercisable by the WDRA against the warehouseman and to forbear or enforce any of the terms and conditions relating to the said Agreement and we shall not be relieved from our liability under terms and conditions relating to the said Agreement and we shall not be relieved from our liability by reason of any such variation, or extension being granted to the warehouseman or for any forbearance, act or omission on the part of the WDRA or any indulgence by the WDRA to the warehouseman or by any such matter or thing whatsoever which under the law relating to sureties would, but for this provision, have effect of so relieving us. 6. This guarantee will not be discharged due to the change in the constitution of the Bank or the warehouseman 7. We,................................................................................................... (Name of the Bank) lastly undertake not to revoke this guarantee during its currency except with the previous consent of the WDRA in writing. 8. Notwithstanding anything contained herein :- i) Our liability under this Bank Guarantee shall not exceed ......... (Rupees ........ only) ii) This Bank Guarantee shall be valid upto............................................ and iii) We are liable to pay the guaranteed amount or any part thereof under this Bank Guarantee only and only if the WDRA serve upon us a written claim or demand on or before........ ............................................ (Date of expiry of guarantee) Dated the............................ day of ........... 20 Name of Authorized Signatory/ Manager For (Name of the Bank) Branch Seal of the bank The Second Schedule INDEMNITY BOND This indemnity is executed by deed on the day of_____ 201 by _ (an entity created under the Act of the Parliament or of the State Legislative) hereinafter called “ENTITY” in favour of the Warehousing Development and Regulatory Authority (WDRA) hereinafter called “AUTHORITY”10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] WHEREAS: a) The Warehousing Development and Regulatory Authority (hereinafter referred as Authority) is established under the Warehousing (Development and Regulation) Act, 2007 (Act, 2007) with the objective to regulate and ensure implementation of the provisions of Act, 2007 for development of warehouses, regulations of negotiability of Warehouse Receipts and promote orderly growth of warehousing business. Every person desirous of commencing or carrying business of maintaining a warehouse issuing negotiable warehouse receipts is required to be registered and for that purpose an application has to be made to the Authority under the Act, 2007. b) Every applicant warehouse/Warehouse Service Provider (WSP) seeking registration of their warehouse shall be required to submit security deposit to the Authority within 21 days of the communication by the Authority. c) The value of security deposit (in the form of bank guarantee in favour of Warehousing Development and Regulatory Authority) to be deposited by warehouseman and to be maintained during the period of registration and to be updated at the end of each month is as follows: - Slab Dynamic Security Deposit Fixed Security Deposit A B C T is less than or equal to Rs.25 0 3% of T Rs. 1 lakh per warehouse crore T is above Rs.25 crore and up to Rs. 75 lakh 1.5% of excess of T over Rs. 1 lakh per warehouse 250 crore Rs. 25 crore T is above Rs.250 crore and up to Rs. 4.125 crore 1% of excess of T over Rs. 1 lakh per warehouse 2,500 crore Rs. 250 crore T is above Rs.2,500 crore Rs. 26.625 crore 0.5% of excess of T over Rs. 1 lakh per warehouse Rs. 2500 crore Note: - Here ‘T’ is referred in the above Table as highest value of total outstanding negotiable warehouse receipts in over the preceding month for all the warehouses registered by the warehouseman. d) The Authority may at its discretion, adjust the security deposit already furnished by warehouseman against the amount required as security deposit. The security deposit shall not be released until six months after cancellation, rejection or surrender of the registration of the warehouse or until after satisfaction of every claim against security deposit whichever is later. The Authority reserves its rights to revise the amount of security deposit. e) As the Authority may allow any entity created under an Act of the Parliament or State Legislative and carrying business of maintaining warehouse (s) and issuing Negotiable Warehouse Receipt, to submit Indemnity Bond in lieu of security deposit and the Entity allowed by the Authority to submit an Indemnity Bond shall submit, along with its application for registration, a resolution from its Board of Directors authorising the furnishing of such Indemnity Bond. NOW therefore M/s …………………………..(name of the entity) established under ……………………………… Act, agrees and undertakes at all times to save, defend, and indemnify and keep indemnified the Authority from and against all actions, suits, proceedings, accounts, claims and demands whatsoever for an amount of Rs………(Rupees………….only) (as detailed at Annexure) to the extent of limits to be worked out as per Para ‘c’ above and as per the conditions of this indemnity bond noted below: - 1) M/s ………………………………..(name of the entity) shall comply with all the obligations to be performed on their part under the Authority’s rules and regulations.¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 11 2) M/s ………………………………..(name of the entity) undertakes to keep the Authority indemnified for an amount to be worked out as per the Table in Para ‘c’ above until six months, after cancellation, rejection or surrender of registration or until after satisfaction of every claim whichever is later. 3) M/s ………………………………..(name of the entity) shall be discharged of its obligation under Indemnity Bond in respect of a warehouse, if: - a) An application for renewal of registration of the warehouse has been rejected and if the Authority is satisfied that the warehouseman has discharged his obligations as per the requirements of these rules; b) A warehouseman surrenders his certificate of registration, and the Authority accepts such surrender; or c) The certificate of registration of a warehouse is cancelled, and the Authority is satisfied that the warehouseman has discharged his obligations as per the requirements of these rules. 4) M/s. ………………………………..(name of the entity) undertakes not to increase the charges payable by depositors within the period of Negotiable Warehouse Receipts issued to them. 5) M/s. ………………………………..(name of the entity) hereby agrees that in case any losses/damages if suffered by the Authority (to the extent of Para ‘c’ above), the same shall be indemnified by M/s. ………………………………..(name of the entity). 6) This Indemnity Bond shall have validity till _______day of ________(month)_________201……. In witness whereof signed this Indemnity Bond is executed on this _ day of _ 201 . EXECUTOR NAME: DESIGNATION: ORGANISATION: (With Seal) In the presence of witnesses: - 1) 2) Annexure to the Second Schedule Details of warehouses included in the Indemnity Bond Sl. Name and Address of the Warehouse Capacity in MT No. EXECUTOR GANESH A. BAKADE, Director (Admn. & Fin.) [ADVT.-III/4/Exty./513/18] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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