Amendment status not verified — confirm the current text below against the official source.
Payment to the sellers and maintenance of accounts. (1) Notwithstanding anything contained in this Act, payment of notified agricultural produce including livestock traded on electronic platform shall be made same day of the sale transaction to the seller or in the maximum next day, if procedurally so required. in procedural exigencies on electronic trading, the payment to the seller may be made as prescribed in Rules and Rye-laws. (2) The licensee or API-MC, as the case may be, shall maintain accounts of all the transactions taken place on electronic platform and submit such periodical reports and returns to the MD or the authorized Officer, at such time and in such forms, as may he specified by the competent authorit) from time to time.