Punjab Warehouses Act, 1957
No: 2 Dated: Feb, 06 1958
THE PUNJAB WAREHOUSES ACT, 1957
PUNJAB ACT No.2 OF 1958
An ACT to provide for the regulation and licensing of Warehouses in the State of Punjab.
Be it enactedbythe legislature of the State of Punjab in Eighth Year of the Republic of India as follows:
CHAPTER-I
PRELIMINARY
1. Short title extent & commencement:- (1) This Act may be called the Punjab WarehousesAct, 1957.
(2) It extends to the whole of the State of Punjab.
(3) It shall come into force on such date as the Government may, by notification in the official Gazette, appoint.
2. Definitions:- In this Act, unless the context otherwise requires :
(a) “Cooperative Society” means a society registered or deemedto be registered under the PunjabCooperative Societies Act, 1954, or the Cooperative Societies Act 1912 as in force in the territories which, immediately before the 1st November, 1956, comprisedin the State of Patiala and East Punjab States Union;
(b) “depositor” means a person who has deposited goods with a warehousemanfor storing and includes any person who lawfully holds the receipt issued by the Warehousemanin respect of such goods and derives title thereto by a proper endorsement ortransfer theregs to him by the depositor or the depositor's lawfy) transferee;
(c) “goods” means any of the articles specified jn the Schedule to this Act; Provided that the Government may, by notification in the official Gazette add to or omit from the Schedule any article.
(d) “Government” means the Government of Punjab’
(e) “Licensed warehouse” means a warehouse licensed under this Act;
(f) “Person” includes any companyor association or body corporate;
(g) “Receipt” means Warehouse Receipt in the prescribed form issued by a Warehousemanto a person depositing goods in the Warehouse;
(h) “Warehouse” means any building, structure or other protected enclosure which is or may be used for the purpose of storing goods on behalf of depositors but doesnotinclude cloak roomsattachedto hotels, railway stations, the premises of other public carriers, and the like;
(i) “Warehouseman” means a person who has obtained licence under this act in respect of.this warehouse.
CHAPTER-II
LICENSING OF WAREHOUSEMAN
3. Warehouseman:- No person shall carry on the business of a Warehouseman except under licence granted under this Act and in accordance with such terms and conditions thereof as may, from time to time be prescribed.
4. Application for grant of licence:- (1) Every application for a licence under section 3 shall be madein the prescribed form to the prescribed authority.
(2) The prescribed authority may, on receiving such application and on payment of such fees as may be prescribed, grant a licence.