law: The Warehousing (Development and Regulation) Act, 2007
  Chapter VI Powers and
  
  Functions of Authority
  35. Powers and
  
  functions of Authority. -
  1.  Subject
  
  to the provisions of this Act and any other law for the time being in force,
  
  the Authority shall have the duty to regulate and ensure implementation of the provisions
  
  of this Act and promote orderly growth of the warehousing business.
  2.  Without
  
  prejudice to the generality of the foregoing provisions, the powers and
  
  functions of the Authority shall include the following, namely: -
  a.   to issue to the
  
  applicants fulfilling the requirements for warehousemen a certificate of
  
  registration in respect of warehouses, or renew, modify, withdraw, suspend or
  
  cancel such registration;
  b.   to regulate the
  
  registration and functioning of accreditation agency, renew, modify, withdraw,
  
  suspend or cancel such registration, and specify the code of conduct for
  
  officials of accreditation agencies for accreditation of the warehouses;
  c.   to specify the
  
  qualifications, code of conduct and practical training for warehousemen and
  
  staff engaged in warehousing business;
  d.   to regulate the
  
  process of pledge, creation of charges and enforcement thereof in respect of
  
  goods deposited with the warehouse;
  e.   to promote efficiency
  
  in conduct of warehouse business;
  f.   to make regulations
  
  laying down the standards for approval of certifying agencies for grading of
  
  goods;
  g.   to promote
  
  professional organizations connected with the warehousing business;
  h.   to determine the rate
  
  of, and levy, the fees and other charges for carrying out the provisions of
  
  this Act;
  i.   to call for information
  
  from, undertaking inspection of, conducting enquiries and investigation
  
  including audit of the warehouses, accreditation agencies and other
  
  organizations connected with the warehousing business;
  j.   to regulate the
  
  rates, advantages, terms and conditions that may be offered by warehousemen in
  
  respect of warehousing business;
  k.   to specify, by
  
  regulations, the form and manner in which books of account shall be maintained
  
  and statement of accounts shall be rendered by warehousemen;
  l.   to maintain a panel
  
  of arbitrators and to nominate arbitrators from such panel in disputes between
  
  warehouses and warehouse receipt holders;
  m.   to regulate and
  
  develop electronic system of holding and transfer of credit balances of
  
  fungible goods deposited in the warehouses;
  n.   to determine the
  
  minimum percentage of space to be kept reserved for storage of agricultural
  
  commodities in a registered warehouse;
  o.   to specify the duties
  
  and responsibilities of the warehouseman;
  p.   to exercise such
  
  other powers and perform such other functions as may be prescribed.