Amendment status not verified — confirm the current text below against the official source.
(1) Every person specified in Section 37 who desire to operate in the market area shall apply to the Market Committee for grant of a licence or renewal thereof, in such manner and within such period as may be prescribed bye-law. (2) Every such application shall be accompanied by such fee as the Director may subject to the limits prescribed, specify in this behalf. (3) The Market Committee may grant or renew the licence or for reasons to be recorded in writing refuse to grant or renew the licence. Provided that if the Market Committee fails to grant or renew a licence within a period of sixty days from the date of receipt of application therefore the licence shall he deemed to have been granted or renewed, as the case may be. (4) All licences granted or renewed under this section shall be subject to provisions of this Act and the rules and bye-laws thereunder. (5) The Market Committee may by a resolution passed in that behalf and with the prior approval of the Director or the Board, direct that no commission agent or a broker or both shall act in any transaction between the producer-seller and trader-purchaser, on behalf of producer-seller nor shall he deduct any amount towards commission or dalali from the sale proceeds payable to the producer-seller nor shall he act on behalf of both the buyer and the seller: Provided that the resolution so passed shall not be revoked by the Market Committee until a period of one year has expired from the date of its approval. Power to cancel or suspend Licences.