Section 5 of WDR Act : Section 5: Registration Of Accreditation Agencies

WDR Act

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Explanation using Example

Imagine a company named "AgroStorage Inc." that operates a chain of warehouses where farmers can store their produce. The company wants to issue negotiable warehouse receipts, which the farmers can use as collateral to secure loans from banks. However, to issue such receipts, the warehouses must be accredited.

Under Section 5 of The Warehousing (Development and Regulation) Act, 2007, AgroStorage Inc. would seek out an accreditation agency authorized by the Warehousing Development and Regula...

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