Amendment status not verified — confirm the current text below against the official source.
Substitution of section 78.- For section 78 of the principal Act, the following shall be substituted, namely:- " 78. Commission agent's commission and responsibility.- (1) A commission agent shall receive his commission only from the buyer through market committee at such rates not exceeding two percent of the price, for which the notified agricultural produce is sold as may be specified in the bye-laws: Provided that in the case of notified agricultural produce like fruits, vegetables and flowers, a commission agent may charge commission at such rates not exceeding five percent of the price for which such notified agricultural produce is sold as may be specified in the bye-laws. (2) A commission agent shall,- (a) arrange for the storage and sale of notified agricultural produce entrusted to him by the seller; (b) keep the goods of the seller in safe custody and adequately insured against fire, theft, flood, rain or any other natural calamites; and (c) in the case of credit sale of notified agricultural produce belonging to the seller remit immediately after the sale, the price of such produce to the market committee along with authentic documents irrespective of whether he has or has not received the price of the produce from the buyer. (3) A commission agent shall receive through the Market Committee his commission and such other amount as are authorised to be deducted on the basis of authentic documents". * * * KARNATAKA ACT NO. 38 OF 2013 (First published in the Karnataka Gazette Extra-ordinary on the Sixteenth day of March, 2013) THE KARNATAKA AGRICULTURAL PRODUCE MARKETING (REGULATION AND DEVELOPMENT) (AMENDMENT) ACT, 2013 (Received the assent of the Governor on the thirteenth day of March, 2013) 161 An Act further to amend the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966. Whereas it is expedient further to amend the Karnataka Agricultural Produce Marketing (Regulation and Development) Act, 1966 (Karnataka Act 27 of 1966) for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Sixty Fourth Year of the Republic of India as follows:-