Serial Particulars Comments from Legislegal Comments from

No.

1. Whether the proposed Kindly provide the lease deed for

premises is registered for
commercial/industrial
usage.
the proposed premises. Terms of
the lease deed will elucidate the
nature and other term and
conditions attached with the
property.

2. Whether the basic structure Here we are specifically

of the proposed
premises/building has been
constructed in compliance
with applicable regulations.
concerned with the basic
building/structure in which you
are planning to establish/lease
the proposed warehouse. Any
construction in NOIDA, shall be in
compliance to the guidelines
enumerated in New Okhla
Industrial Development Authority,
Building Regulations. Kindly, seek
the Occupancy Certificate
authorised by the Chief Executive
Officer, New Okhla Industrial
Development Authority required
under regulation 26.
3. Insurances required for the  Inventory and Goods
establishment. Insurance (Rule 3 (8),
Warehouse Regulations,
2011).
 Fire Insurance (Rule 3 (8),
Warehouse Regulations,
2011).
 Workmen’s
Compensation Insurance/
Employees Liability
Insurance (Workmen
Compensation Act, 1923).
 Burglary Insurance (Rule 3
(8), Warehouse
Regulations, 2011).
 Product liability
insurance.
 Special fire perils policy
(for a value not less than
the actual value of the
stocks held in storage at a
given point of time and if
the stocks exceed the
limit of insurance cover
value/sum insured then
warehouseman shall
immediately get
enhanced the value of
sum insured from
insurance company
otherwise, the warehouse
has to bear the cost of un-
insured stocks and has to
pay to the depositor. In
case of loss of stocks).
Policy should give details
of different stocks with
“held in trust” clause.