Amendment status not verified — confirm the current text below against the official source.
A Committee shall, for the purposes of this Act, have the power to- (i) issue or renew licences under this Act on such terms and conditions and subject to such restrictions as may be prescribed, or, after recording reasons therefor , refuse to issue or renew any such licence; (ii) suspend or cancel licences issued or renewed under this Act: Provided that before canceling a licence except on the ground of conduct which has led to the conviction of the licensee under section 37, the 87 Committee shall afford reasonable opportunity to him to show cause against the action proposed ; [(iii) levy and collect---- (a) such fees as may be prescribed for the issue or renewal of licences; and [(b) market fees, which shall be payable by purchasers, on transactions of sale of specified agricultural produce in the Market area at such rates, being not less than one percentum and not more than two and a half percentum of the price of the agricultural produce so sold as the state Government may specify by notification in the Gazette ; and development cess which shall be payable on such transactions of sale at the rate of half per centum of the price of the agricultural produce so sold, and such fee or development cess shall be realized in the following manner—