law: The Warehousing (Development and Regulation) Act, 2007
  Chapter II Regulation
  
  of Warehousing Business
  3. Requirement of
  
  registration for warehouses issuing negotiable warehouse receipts. -
  1.  No
  
  person shall commence or carry on the warehousing business unless he has
  
  obtained a registration certificate in respect of the concerned warehouse or
  
  warehouses granted by the Authority under this Act: Provided that a person
  
  carrying on the warehousing business immediately before the commencement of
  
  this Act shall be allowed to carry on such business, in case he has made an
  
  application for registration within thirty days from the date of such
  
  commencement: Provided further that no such registration shall be required for
  
  warehouses which do not propose to issue negotiable warehouse receipt.
  
  Explanation.-For the removal of doubts, it is hereby clarified that a warehouse
  
  registered under this Act shall also be eligible to issue non-negotiable
  
  warehouse receipts.
  2.  Notwithstanding
  
  anything contained in sub-section (1), the Authority may, subject to such
  
  regulations and guidelines issued by it, authorise any person registered under
  
  section 5 as an accreditation agency to issue certificate of accreditation to
  
  any person for carrying on the business of warehousing issuing negotiable
  
  warehouse receipts.