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of <h1>Public Warehouse Licensing Regulations, 2016: Key Criteria for Licensing Include Solvency Certificate and Compliance with Specific Terms.</h1> The Public Warehouse Licensing Regulations, 2016, outline the criteria for licensing public warehouses by the Principal Commissioner or Commissioner of Customs. Applicants must be Indian citizens or registered entities, comply with specified terms, and provide a solvency certificate of two crore rupees, except for government undertakings or major ports. Licenses are denied to applicants declared insolvent, convicted of offenses, penalized under specific acts, declared of unsound mind, or if the proposed warehouse site is unsuitable. Additionally, pending bankruptcy or criminal proceedings against the applicant can also lead to denial of the license.
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