Mandatory issuance of e-NWR in electronic form on repositories

Mar 22, 2019 | by Avantis RegTech Legal Research Team

The Warehousing Development and Regulatory Authority (WDRA) mandates warehouses registered with the Authority, for issuing negotiable warehouse receipts in electronic form (e-NWR) as specified in Rule 27 of Warehousing (Development and Regulation) Registration of Warehouses Rules, 2017. As per the provisions of the Rule, 2017, the Authority has decided that from June 01, 2019, no warehouseman should issue any negotiable warehouse receipt in physical form and should get on-boarded with one or more repositories registered with the Authority and shall issue negotiable warehouse receipts only in electronic form. All the warehousemen of the registered warehouses are advised to make necessary arrangements for issuing of e-NWRs only.

[Circular No. WDRA-2018-i-i-tec/368]

Click here to download the Circular.




Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.