Amendment status not verified — confirm the current text below against the official source.
Conditions for licence.-Before granting a licence, the pr,scribed authority shall ~atisfy itself.- (a) that the warehouse is suitable for proper storage of the class or classes of goods m respect of wh1ch the licence has been applied for; (b) that the apphcant is competent to conduct such a warehouse; (c> that the appli.~ant has paid the fee prescribed for the licence and has also furnished the prescnbed security, if any, provided that where the applicant is a corporatiOn established under the Agricultural Produce (Development and Ware- housmg) Corporations Act, 1956 i.28 of 1956), no security need be furmshed; and (d) that there is no other cause or reason for which the· applicant 1s, in the opinion of the prescribed authority, dis- qualified.