Amendment status not verified — confirm the current text below against the official source.
Subs. by section 3(1) ibid. 119 [The Uttar Pradesh Warehouse Act, 1958] [Section 3-4] Act. XXVI of 1881 (e) "licensing authority" means the authority specified in the rules to perform the duties and exercise the powers of the licensing authority under this Act or the rules ; (f) "prescribed" means prescribed by rule made under this Act; (g) "receipt" means a warehouse receipt in the prescribed form issued by a warehouseman to a depositor showing that the goods described therein have been deposited in his warehouse; (h) "State Government" means the Government of Uttar Pradesh; [(i) "warehouse" means any building, structure or other protected enclosure used for the purpose of warehousing ;]1 [(j) "warehouseman" means a person carrying on the business of warehousing and includes any person incharge of that business;]2 [(jj) "warehousing means the business of storing goods on behalf of depositors for preservation or safe custody and]3 (k) "the holder in due course" shall have the meaning assigned to it in the Negotiable Instruments Act, 1881. CHAPTER II LICENSING OF WAREHOUSES [No Warehou- sing without licence 3- With effect from such date as may be notified by the State Government in the official Gazette, no person shall undertake or continue warehousing, except under and in accordance with the terms of a licence granted under this Act.]4 [Application for licence 4- (1) Every application for, a licence shall be made in the prescribed form to the licensing authority and shall be a companied by the prescribed fee and security : Provided that where the applicant is a Warehousing Corporation established or deemed to be established under the Warehousing Corporations Act, 1962 or any other Central Act for the time being in forcer no security shall be required. (2) On receipt of an application under sub-section (1), the licensing authority shall, as soon as may be, subject to the provisions of sub-section (3), grant a licence to the applicant in such form and containing such particulars as may be prescribed. (3) An application for licence may be refused if it appears to the licensing authority that- (a) the proposed warehouse if not, according to the prescribed conditions, suitable for storage of the class of goods for which it is intended; or (b) the application is not accompanied by the prescribed fee or security and the same has not been paid or furnished within such time not exceeding fifteen days, as the licensing authority may allow.]5