Section 24 in The Warehousing (Development and Regulation) Act, 2007

Title: Establishment and incorporation of Authority

Description: (1) With effect from such date as the Central Government may, by notification, specify in this behalf, there shall be constituted an authority to be called the Warehousing Development and Regulatory Authority to exercise the powers conferred on, and to perform the functions assigned to it by or under this Act. (2) The Authority shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or be sued. (3) The head office of the Authority shall be at New Delhi and the Authority may, with the previous approval of the Central Government, establish offices at other places in India.

Title: Composition of Authority

Description: The Authority shall consist of— (a) a Chairperson; and (b) not more than two other members, to be appointed by the Central Government from amongst persons of ability, integrity and standing who have wide knowledge and experience in inventory management, insurance, preservation, quality control, agriculture banking, finance, economics, law or administration.

Title: Tenure of office of Chairperson and other members

Description: (1) The Chairperson and every other member shall hold office for a term not exceeding five years from the date on which he enters upon his office and shall be eligible for reappointment: Provided that no person shall hold office as the Chairperson or other member after he has attained the age of sixty-five years. (2) Notwithstanding anything contained in sub-section (1), a member may— (a) relinquish his office by giving in writing to the Central Government notice of not less than three months; or (b) be removed from his office in accordance with the provisions of section 27.

Title: Removal from office

Description: (1) The Central Government may remove from office any member who— (a) is, or at any time has been, adjudged as an insolvent; or (b) has become physically or mentally incapable of acting as a member; or (c) has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude; or (d) has acquired such financial or other interest as is likely to affect prejudicially his functions as a member; or (e) has so abused his position as to render his continuation in office detrimental to the public interest. (2) No such member shall be removed under clause (d) or clause (e) of sub-section (1) unless he has been given a reasonable opportunity of being heard in the matter.

Title: Salary, allowances and other terms and conditions of Chairperson and other members

Description: Subject to the rules as may be made in this behalf, the salaries and allowances payable to, and other terms and conditions of service of— (a) the Chairperson shall be the same as that of a Secretary to the Government of India; (b) the other members of the Authority shall be the same as that of Joint Secretaries to the Government of India.