Section 4 of WDR Act : Section 4: Registration Of Warehousemen

Explanation using Example

Imagine a businessman, Mr. Sharma, who owns a large storage facility in a prime agricultural area. He sees an opportunity to serve local farmers by providing them with secure storage for their produce and decides to turn his facility into a registered warehouse that can issue negotiable warehouse receipts, which farmers can use as collateral for loans or sell to traders.

Mr. Sharma fills out the necessary application form for registration, detailing the features of his warehouse, such as ...

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