The Warehousing (Development and Regulation) Act, 2007
5. Registration of
accreditation agencies. -
1. The
Authority shall, from time to time, determine the number of accreditation
agencies as it may authorise to issue certificate of accreditation to
warehouses issuing negotiable warehouse receipts.
2. Any
person fulfilling the qualifications and other requirements as may be
prescribed and desirous of functioning as an accreditation agency under this
Act may make an application to the Authority seeking its registration as such
under this Act.
3. Every
application under sub-section (2) shall be in such form and manner and shall be
accompanied by such fees and security deposit as may be prescribed.
4. The
form in which and the terms and conditions subject to which a certificate of
registration as an accreditation agency may be issued under this section shall
be such as may be prescribed.