Amendment status not verified — confirm the current text below against the official source.
The following bye-laws to provide for levy and collection of the registration fee and the market fee for common services, amenities and facilities provided or arranged within the area of the Bombay Metropolitan Region Iron and Steel Market Committee, Kalamboli, Navi Mumbai (hereinafter referred to as "the said Market Committee") and the market yard, during the period commencing on the 1 st February 1988, and ending on the 23 rd April 1995, shall be deemed to be duly and validly made by the said Market Committee under section 69 read with sub-section ( 3 ) of section 5 and section 34 of the Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983 (Mah. XLII of 1983), on the 1 st February 1988, namely :- " 1. Title, Commencement and Application .- ( 1 ) These bye-laws may be called the Bombay Metropolitan Region Iron and Steel Market Committee, Kalamboli, Navi Mumbai (Levy and Collection of Registration Fee and Market Fee) Bye-laws, 1988. ( 2 ) They shall come into force on the 1 st February 1988. ( 3 ) They shall apply for the levy and collection of the registration fee and market fee, for the period commencing from the 1 st February 1988 and expiring on the 23 rd April 1995. 2. Definition .- In these bye-laws, unless the context otherwise requires,- ( a ) "Act" means the Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983; (b) "Market Committee" means the Bombay Metropolitan Region, Iron and Steel Market Committee, Kalamboli, Navi Mumbai, constituted under section 4 of the Act. 3. Registration fee .- ( 1 ) An application for Registration with the Market Committee, shall be made by the traders lawfully engaged in the specified trade within the market area, to the Chief Executive Officer of the Market Committee. ( 2 ) A registration fee of rupees 100 till the 31 st December 1990; and thereafter of rupees 200, per application, shall be charged for such registration. 4. Levy and collection of market fee .- ( 1 ) There shall be levied and collected from every person carrying on specified trade in Iron and Steel and holding any premises whether as a lessee or otherwise in the market yard, on the basis of the area of the plot, shop, office premises, godown or open space, a fee at the rate specified in the Table below, per annum, for the common services, amenities and facilities provided by the Market Committee. TABLE Serial Number Area Market Fee Per Square Meter 1 Upto 5,000 Square metres .. .. Rupees 9.00 2 5,001 to 1,00,000 Square metres .. .. Rupees 7.50 3 1,00,001 Square metres and above .. .. Rupees 6.00 ( 2 ) If the market fees levied and demanded are not paid within the period specified for making such payment, the Chief Executive Officer of the Market Committee may also charge such delayed payment charges, as may be decided by him.".