Amendment status not verified — confirm the current text below against the official source.
1 [5A. Establishment of cocoon market.- (1) The Government may, from time to time, by notification,- (a) specify the places at which cocoon markets, cocoon market-yards and cocoon store shall be located; (b) appoint a Market Officer, and constitute a committee consisting of two representatives of rearers, and one each of licensed buyers in-charge of charka establishments and filature establishments, with the Market Officer as chairman, for regulating, generally the procedure for the conduct of business in the cocoon market and for the performance of such functions as may be determined by the Government: Provided that the Directoror or any Officer of the Sericulture Department authorised by him in this behalf, shall perform the functions of the Market Officer until a Market Officer is appointed and of the committee, until a committee is constituted under this clause; (c) specify the sericultural areas in the State to be served by each cocoon market, where silkworm cocoon produced within such areas shall be sold; (d) assign markets in which any licensed buyer may carry on his business. (2) All transactions involving the sale or purchase of cocoons in a cocoon market shall be by open auction, the payment of the price, shall be in cash and the cocoons shall be sold by weight, as required by or under 2 the Telangana Weights and Measures (Enforcement) Act, 1958.]