Section 11 in The Warehousing Development and Regulatory Authority (Warehouse Accreditation) Regulations, 2011.
11. Effect of the suspension or cancellation of a Certificate of Accreditation
- Once the certificate of accreditation is suspended or cancelled, the Authority shall determine either to:(i)suspend or cancel the registration of the relevant warehouse; or(ii)order another accreditation agency to undertake an inspection of the warehouse and based on the findings of inspection report determine whether to suspend or cancel the registration of the relevant warehouse under the Act:Provided that this shall not prevent the warehouseman from being bound to satisfy its obligations to holders of negotiable warehouse receipts that had been issued in relation to such warehouse.
