Negotiability of warehouse receipts
Section 12 of the Warehousing (Development and Regulation) Act, 2007 deals with negotiability of warehouse receipts. The words in a negotiable warehouse receipt limiting its negotiability shall be void. The Act came into force on 25 Oct 2010.
(1) The words in a negotiable warehouse receipt limiting its negotiability shall be void.
(2) A warehouseman who issues a non-negotiable warehouse receipt shall cause to be plainly marked upon its face the words "non-negotiable" or "not negotiable" in English or in the language in which it is issued.
(3) In case of non-compliance of sub-section (2), a holder of the warehouse receipt who purchases it for valuable consideration believing it to be a negotiable warehouse receipt may, at his option, treat the receipt as vesting in him all rights attaching to a negotiable warehouse receipt and imposing upon the warehouseman the same liabilities which he would have incurred had the receipt been a negotiable warehouse receipt and the warehouseman shall be liable accordingly.
(4) A negotiable warehouse receipt shall be valid for delivery till the date of expiry of the declared shelf-life of the goods for which it is issued.
Section 12, The Warehousing (Development and Regulation) Act, 2007 (Act 37 of 2007).
Questions about Section 12
What does Section 12 of the Warehousing (Development and Regulation) Act deal with?
Section 12 of the Warehousing (Development and Regulation) Act is headed "Negotiability of warehouse receipts". The words in a negotiable warehouse receipt limiting its negotiability shall be void.
How do I find court cases under Section 12 of the Warehousing (Development and Regulation) Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Warehousing (Development and Regulation) Act 12, section 12 Warehousing (Development and Regulation) Act, section 12 of the Warehousing (Development and Regulation) Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 12 of the Warehousing (Development and Regulation) Act come into force?
Section 12 of the Warehousing (Development and Regulation) Act, cited as Warehousing (Development and Regulation) Act 12, came into force on 25 Oct 2010, having been enacted on 19 Sep 2007. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 16 Oct 2026. This page is not a substitute for legal advice.