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Industry specific-Warehouse Central Ministry of Urban Development Warehousing (Development & Regulation) Act, 2007

Correction in the Registration Certificate of Warehouse with respect to Registration Period

07-May-2021 | 1/2021

Warehousing Development and Regulatory Authority has issued circular for Correction of the error in registration certificate with respect to registration period of Warehouse. Authority had earlier issued a circular in 2018 for registration of warehouse for less than 5 years in case of limited period of security deposit which provided that the security Deposit shall be accepted for minimum period of 2 years and validity of registration shall be for 18 months after discounting 6 months buffer period under security deposit. After that representation have been received from warehousemen informing that by mistake they opted for 18 months registration whereas the security deposit was adequate for a longer registration period or for a full term registration of 60 months and the mistake could be realized only after the registration certificate was received. A request has also been made to correct the error by enhancing the registration period in proportion to the validity of the security deposit and issue modified registration certificate. After this Authority decided that correction in the registration period will be based on validity of security deposit submitted at the time of registration, it shall be permitted only once during validity period of approved registration (as given in the original registration certificate) provided the warehouse is active and the security deposit is for adequate period (registration period + six months) and of adequate value covering the corrected registration period.

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