License to operate warehouse – Punjab

  • Act/Rule/Legislation

  • Online Link to Act/Rule/Legislation

  • Initial Setup or Ongoing Maintenance

    Initial Setup only

  • Filing and Maintenance Requirements

    License to operate a warehouse is required.

  • Penalty

    Imprisonment upto one year or fine upto 1000 rupees or both.

  • Application Guidelines / Responsible Persons / Comments

    (1) Every application for a licence under section 3 shall be
    made in the prescribed form to the prescribed authority.
    (2) The prescribed authority may on receiving such
    application and on payment of such fees as may be prescribed, grant a
    licence.
    (3) Before granting a licence the prescribed authority shall
    satisfy itself—
    (a) that the warehouse is suitable for proper storage of
    the class or classes of goods in respect of which the
    licence has been applied for ;
    (b) that the applicant is financially sound ;
    (c) that the applicant has paid the fee prescribed for the
    licence and has also paid or given the prescribed
    security, if any.
    (4) The Government may, by notification in the Official
    Gazette, add to or alter the conditions under this section.