Section 12: Negotiability of warehouse receipts.

Q: What does Section 12 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) deal with?

Section 12 TWDRA pertains to "Negotiability of warehouse receipts.". It is part of the The Warehousing (Development and Regulation) Act, 2007, a legislation enacted by the Parliament of India. Section 12 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs negotiability of warehouse receipts. As verified on 19 May 2026.

Q: Is Section 12 TWDRA still in force?

Yes, Section 12 of the The Warehousing (Development and Regulation) Act, 2007 is currently in force across the Republic of India.

Q: What is धारा 12 TWDRA?

धारा 12 TWDRA is the Devanagari Hindi reference for Section 12 of the The Warehousing (Development and Regulation) Act, 2007. Section 12 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs negotiability of warehouse receipts. As verified on 19 May 2026.

Q: What is Dhara 12 TWDRA?

Dhara 12 TWDRA is the Roman Hindi reference for Section 12 of the The Warehousing (Development and Regulation) Act, 2007. "Dhara" means "Section" in Hindi. Section 12 of The Warehousing (Development and Regulation) Act, 2007 (TWDRA) governs negotiability of warehouse receipts. As verified on 19 May 2026.

Q: How to cite Section 12 of The Warehousing (Development and Regulation) Act, 2007?

Cite as: "Section 12, The Warehousing (Development and Regulation) Act, 2007 (TWDRA)" in legal briefs. For academic writing, use the BlueBook format: The Warehousing (Development and Regulation) Act, 2007, § 12 (India).

Law on Tips Editorial Board

(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.