Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context otherwise requires,- ( 1 ) "Authority" or "Metropolitan Authority" means 1 [the Mumbai Metropolitan Region Development Authority] established under 2 [the Mumbai Metropolitan Region Development Authority Act, 1974 (Mah. IV of 1975)]; ( 2 ) "by-laws" means the by-laws made by a market committee under this Act; ( 3 ) "Chief Executive Officer" means the Chief Executive Officer of the market committee concerned; ( 4 ) "committee" or "market committee" means the committee constituted in any market area for any specified commodity; ( 5 ) "commodity" or "specified commodity" means, any commodity for the time being specified in the Schedule ; ( 6 ) "market" means any principal market established in any market area for any specified commodity, and includes a subsidiary market ; ( 7 ) "market area" means any area declared under section 3 as market area for any specified commodity; ( 8 ) "market yard" means any area declared under section 3 to be a market yard of any market, and includes a sub-market yard ; ( 9 ) "Metropolitan Commissioner" means the Metropolitan Commissioner appointed under 3 [the Mumbai] Metropolitan Region Development Authority Act, 1974 (Mah. IV of 1975)] ; ( 10 ) "prescribe" means prescribed by rules ; ( 11 ) "register" means the register prepared and maintained under section 5; ( 12 ) "registered trader" means a person whose name is, for the time being registered in the register for the respective trade ; ( 13 ) "regulations" means regulations made under section 10 ; ( 14 ) "rules" means rules made by the State Government under this Act ; ( 15 ) "sale" with its grammatical variations and cognate expressions, means a sale of any commodity by one person to another for cash or for deferred payment or for any other valuable consideration, and includes a transfer of any commodity on the hire-purchase or other system of payment of price by instalments or a sale by an agent on behalf of another person for commission or other consideration ; ( 16 ) "Schedule" means the Schedule appended to this Act ; ( 17 ) "specified trade" means the wholesale trade in a specified commodity ; ( 18 ) "wholesale trade" means sale or purchase of any commodity for purposes other than direct consumption or use by the purchaser, and shall include holding of stocks or warehousing of the specified commodity at any place in the market area or in any market yard for such trade ; and any such seller, buyer, holder of stock or warehouse-keeper shall be deemed to be "a wholesale trader" ; ( 19 ) words and expressions used in this Act, not defined herein, shall have the meanings assigned to them in 4 [the Mumbai Metropolitan Region Development Authority Act, 1974 (Mah. IV of 1975)].