Amendment status not verified — confirm the current text below against the official source.
Insertion of new section 77A.- After section 77 of the principal Act, the following section shall be inserted, namely:- "77A. Payment of price of notified agricultural produce by the traders.- The trader who buys notified agricultural Produce shall pay the price of such produce to the seller in the following manner:- (i) If the trader buys notified agricultural Produce directly from the seller, the trader shall immediately after the sale, remit the price of such produce to the market committee along with authentic documents and take delivery of the produce. (ii) If the trader buys notified agricultural produce through the commission agent in cash, the trader shall immediately after the sale remit the price of such produce to the market committee along with authentic documents and take delivery of the produce. 160 (iii) If the trader buys notified agricultural Produce through the commission agent on credit, the trader shall remit the price of such produce to the commission agent along with authentic documents within the period of credit allowed and till such remittance is made, he shall not remove the produce from the yard"