Question : CONVERSION OF CWC RECEIPTS

(a) whether the Central Warehousing Corporation has recently decided to convert Warehouse Receipts (WRs) into demat form as has been done for securities;

(b) if so, the details thereof;

(c) whether the demat WRs will be permitted to be traded in Commodities Exchange, which had been set up recently;

(d) if so, the details thereof;

(e) whether CWC has tied up with National Securities Depositories Limited for demat of WRs;

(f) if so, the details thereof;

(g) whether the Government propose to bring the demat WRs under Negotiable Instruments Act, 1881; and

(h) if so, the details thereof?

THE MINISTER OF STATE IN THE MINISTRY OF CONSUMER AFFAIRS, FOOD AND PUBLIC DISTRIBUTION ( SHRI SUBHASH MAHARIA )

(a): The Central Warehousing Corporation (CWC) have so far not taken decision to convert Warehouse Receipts (WRs) into demat form.

(b): Does not arise.

(c): No decision has been taken in this regard.

(d): Does not arise.

(e): No, Sir.

(f): Does not arise.

(g): No decision has been taken in this regard so far.

(h): Does not arise.