In exercise of the powers conferred by sub rule 1 of rule 19 of the Warehousing

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-02072025-264298 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 471] NEW DELHI, TUESDAY, JULY 1, 2025/ASHADHA 10, 1947 WAREHOUSING DEVELOPMENT AND REGULATORY AUTHORITY NOTIFICATION New Delhi, the 17th June, 2025 Requirement of Security Deposit for registration of warehouses with the Warehousing Development and Regulatory Authority No. IT-CR0BGAP/1/2023-IT—In exercise of the powers conferred by sub rule (1) of rule 19 of the Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017, the Warehousing Development and Regulatory Authority (hereinafter referred to as the Authority) hereby notifies the following procedure for requirement of security deposit for registration of warehouse with the Authority, namely: - 1. In clause 1 and 2 of the notification No. T-23/3/2020-Technical-Part(1) dated 14th June, 2024, for the words "twenty-one working days", the words "seven working days" shall be substituted. 2. In the said notification, in the clause 4 after sub clause (iv), the following clause shall be inserted, namely: - "(iv) a. Where the applicant or warehouseman is a Primary Agricultural Cooperative Credit Society, The Authority may allow to submit an Indemnity Bond for the amount required as security deposit (as per format provided in the Third Schedule) issued by the State Government. 3. In the said notification, Clause 4 (v) the word e- Bank Guarantee shall be added after Bank Guarantee. Accordingly, Clause 4 (v) shall be read as “The security deposit shall be in the form of Bank Fixed Deposits or in the form of Bank Guarantee /e- Bank Guarantee (as per the format given in the First Schedule), or surety insurance policies or contracts or any other instrument decided by the Authority favouring Warehousing Development & Regulatory Authority". 4. In the said notification, after the Second Schedule, the following Schedule shall be inserted; namely:- THIRD SCHEDULE INDEMNITY BOND This indemnity is executed by deed on the day of__________ 202 Government of .............in favour of the Warehousing Development and Regulatory Authority (WDRA) hereinafter called “AUTHORITY" WHEREAS: a. The Authority is established under the Warehousing (Development and Regulation) Act, 2007 (Act, 2007) with the objective to regulate and ensure implementation of the provisions of said Act for development of warehouses, regulations of negotiability of warehouse receipts and promote orderly growth of warehousing business. Every person desirous of commencing or carrying business of maintaining a warehouse issuing negotiable warehouse receipts is required to be registered and for that purpose an application has to be made to the Authority under the said Act. b. Every applicant warehouse or Warehouse Service Provider seeking registration of their warehouse shall be required to submit security deposit to the Authority within seven working days of the communication by the Authority. c. The value of security deposit (in the form of bank guarantee or surety insurance policies or contracts or indemnity bond or any other instrument decided by the Authority in favour of Warehousing Development and Regulatory Authority) to be deposited by the Government of ______________ on behalf of the Primary Agricultural Cooperative Credit Society/ies and to be maintained during the period of registration. The total security deposit shall be fifty thousand rupees (total) per warehouse covering both the dynamic and fixed security deposit d. The Authority may at its discretion, adjust the security deposit already furnished for the Primary Agricultural Cooperative Credit Society/ies against the amount required as security deposit. The security deposit shall not be released until six months after cancellation, rejection or surrender of the registration of the warehouse or until after satisfaction of every claim against security deposit whichever is later. The Authority reserves its rights to revise the amount of security deposit. e. As the Authority may allow Government of ______________ on behalf of Primary Agricultural Cooperative Credit Society/ies which are carrying business of maintaining warehouse (s) and issuing Negotiable Warehouse Receipt, to submit Indemnity Bond in lieu of security deposit and the Entity allowed by the Authority to submit an Indemnity Bond shall submit, along with its application for registration, NOW therefore, the Government of ______________, agrees and undertakes at all times to save, defend, and indemnify and keep indemnified the Authority from and against all actions, suits, proceedings, accounts, claims and demands whatsoever for an amount of Rs.........(rupee only) (as detailed at Annexure) to the extent of limits to be worked out as provided in paragraph (c) above and as per the conditions of this indemnity bond noted below: - 1. M/s................................................................... (Name of the entity/ies) shall comply with all the obligations to be performed on their part under the Authority's rules and regulations. 2. The Government of ________________ undertakes to keep the Authority indemnified for an amount stated in para c above until six months, after cancellation, rejection or surrender of registration or until after satisfaction of every claim whichever is later. 3. M/s............................................................... (name of the entity/ies ) shall be discharged of its obligation under Indemnity Bond in respect of a warehouse, if: a. an application for renewal of registration of the warehouse has been rejected and if the Authority is satisfied that the warehouseman has discharged his obligations as per the requirements of the rules; b. a warehouseman surrenders his certificate of registration, and the Authority accepts such surrender; or c. the certificate of registration of a warehouse is cancelled, and the Authority is satisfied that the warehouseman has discharged his obligations as per the requirements of the rules. 4. M/s. .....................................................(Name of the entity/ies) undertakes not to increase the charges payable by depositors within the period of Negotiable Warehouse Receipts issued to them. 5. The Government of ................................... hereby agrees that in case any losses or damages, if suffered by the Authority (to the extent of paragraph (c) above), the same shall be indemnified by the Government of ................................... 6. This Indemnity Bond shall have validity till_________________day of___________(month)_____________202....... In witness where of signed this Indemnity Bond is executed on this ________________day of ____________________________ 2025 . Executor Name: Designation: Organisation: s (With Seal) In the presence of witnesses: (1) (2) Annexure to the Third Schedule Details of Primary Agricultural Cooperative Credit Society/ies included in the Indemnity Bond +--------+------------------------------------------+------------------------------+-----------------+---------------------+ | Sl. No. | Name of the Primary Agricultural | Address of the | No. of warehouses | Capacity in Metric Ton | | | Cooperative Credit Society | Primary | | | | | | Agricultural | | | | | | Cooperative | | | | | | Credit Society | | | +--------+------------------------------------------+------------------------------+-----------------+---------------------+ | | | | | | +--------+------------------------------------------+------------------------------+-----------------+---------------------+ JEETESH SHARMA, Director(Admn. & Fin.) [Advt.-III/4/Exty./204/2025-26] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. GORAKHA NATH YADAVA Digitally signed by GORAKHA NATH YADAVA Date: 2025.07.02 14:18:56 +05'30'