Amendment status not verified — confirm the current text below against the official source.
Grant/ Renewal of licence for direct marketing. (I) Any person. including a Farmers' Cooperative. Farmers' Producer Organisation (FPO) and Processor/Exporter. under Section 16. who desires to purchase agricultural produce directly from farmers outside the principal market yard, sub-market yard, market sub-yard. private market yard, shalt apply to the Managing Director or the Officer authorized by him for grant or renewal of licence, as the case may be, in such form and in such manner; and also for such period, as may he prescribed. (2) An application for direct marketing shall accompany such reasonable licence fee and security] bank guarantee. as may be prescribed. (3) The application received under Section 81 (1) for grant or renewal of licence may be accepted or rejected in the cause and manner mutatis mutandis to Section 79 (3). 4)A direct marketing licence granted or renewed under this Section shall be subject to such terms and conditions, as may be prescribed; and the licensee shall be bound to follow the terms and conditions of the licence as prescribed. The licensee shall also follow the provisions of this Act and Rules made thereunder.