law: The Warehousing (Development and Regulation) Act, 2007
  2. Definitions. -
  In this Act, unless
  
  the context otherwise requires,-
  a.  
  
    "accreditation
  
  agency" means an agency, whatever be its constitution, registered with the
  
  Authority under section 5;
  b.  
  
    "actionable
  
  claim" shall have the meaning assigned to it in section 3 of the Transfer
  
  of Property Act, 1882;
  c.  
  
    "Authority"
  
  means the Warehousing Development and Regulatory Authority established under
  
  sub-section (1) of section 24;
  d.  
  
    "depositor"
  
  means a person who delivers goods to the warehouseman for storage;
  e.  
  
    "endorsee"
  
  
  
  means the person to whom the warehouse receipt is negotiated;
  f.  
  
    "endorsement"
  
  means signing on the warehouse receipt by the depositor or holder of the
  
  warehouse receipt for the purpose of its negotiation;
  g.  
  
    "electronic
  
  form", with reference to information, means any information generated,
  
  sent, received or stored in media, magnetic, optical, computer memory,
  
  microfilm, computer generated micro fiche or similar device;
  h.  
  
  
  
    "fungible
  
  goods" means any goods of which any unit is, by nature or usage of trade,
  
  the equivalent of any other like unit and are received by a warehouseman as
  
  fungible goods;
  i.  
  
    "goods"
  
  means all tangible movable goods (other than actionable claims, money and
  
  securities), whether fungible or not;
  j.  
  
    "grade"
  
  means the quality standard of any goods as notified as grade designation by the
  
  Central Government under the Agricultural Produce (Grading and Marking) Act,
  
  1937 or any other law for the time being in force;
  k.  
  
    "holder"
  
  means,-
   
  
   i.  
  
    in
  
  relation to a negotiable warehouse receipt, a person who is in possession of
  
  such receipt and a right to goods endorsed on it; and
   
  
   ii.  
  
  
  
    in
  
  relation to a non-negotiable warehouse receipt, a person named in it as the
  
  person to whom the goods are to be delivered or the assignee of that person;
  a.  
  
  
  b.  
  
  
  c.  
  
  
  d.  
  
  
  
  
  e.  
  
  
  f.  
  
  
  g.  
  
  
  h.  
  
  
  i.  
  
  
  j.  
  
  
  k.  
  
  
  l.  
  
    "member"
  
  
  
  means a member of the Authority and includes its Chairperson;
  m.  
  
    "negotiable
  
  warehouse receipt" means a warehouse receipt under which the goods
  
  represented therein are deliverable to the depositor or order, the endorsement
  
  of which has the effect of transfer of goods represented thereby and the
  
  endorsee for which takes a good title;
  n.  
  
    "non-negotiable
  
  warehouse receipt" means a warehouse receipt other than a negotiable
  
  warehouse receipt;
  o.  
  
    "notification"
  
  means a notification published in the Official Gazette;
  p.  
  
    "person"
  
  includes a firm, co-operative society or any association or body of persons,
  
  whether incorporated or not;
  q.  
  
    "prescribed"
  
  
  
  means prescribed by rules made under this Act;
  r.  
  
    "regulation"
  
  means a regulation made under this Act;
  s.  
  
    "warehouse"
  
  means any premises (including any protected place) conforming to all the
  
  requirements including manpower specified by the Authority by regulations
  
  wherein the warehouseman takes custody of the goods deposited by the depositor
  
  and includes a place of storage of goods under controlled conditions of
  
  temperature and humidity;
  t.  
  
    "warehousing
  
  business" means the Business of maintaining warehouses in storage of goods
  
  and issuing negotiable warehouse receipts;
  u.  
  
    "warehouse
  
  receipt" means an acknowledgement in writing or in electronic form issued
  
  by a warehouseman or his duly authorised representative (including depository
  
  by whatever name called) of the receipt for storage of goods not owned by the
  
  warehouseman;
  v.  
  
    "warehouseman"
  
  
  
  means any person who is granted a certificate of registration in respect of any
  
  warehouse or warehouses by the Authority or an accreditation agency for
  
  carrying on the business of warehousing.