The Ministry of Consumer Affairs, Food and Public Distribution, vide notification dated June 4, 2024, issued the Warehousing (Development and Regulation) Registration of Warehouses (Amendment) Rules, 2024, amending Rule 27 of the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017. Pursuant to the amendment, a warehouseman must issue negotiable warehouse receipts in electronic form only, in the manner as determined by the Warehousing Development and Regulatory Authority (“Authority”). The Authority may itself function as a repository or register 1 (one) or more entities as repository, for creation and management of electronic negotiable warehouse receipts.
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