Section 248 Investments and Securities Act

Section 248 of the Investments and Securities Act 2025 is about Trading in warehouse receipts. It is under Part XV (Commodities Exchange and Warehouse Receipts) of the Act. It provides as follows:

(1) Where a warehouse receipt is issued on commodities, it shall be traded on a commodity exchange where such commodities are listed on the exchange for trading.

(2) For the purpose of settlement of a warehouse receipt, a commodity exchange and its depository shall establish connectivity with the electronic warehouse receipt system of the issuer.