Amendment status not verified — confirm the current text below against the official source.
(1) After six months from the commencement of this Act in any area, no person shall, within any market in such area, carry on business or act as a broker, commission agent, weighman, measurer or warehouseman or sell or purchase for resale any prescribed article or set-up, establish or continue a stall, shed, or other structure for storage, sale or purchase for resale of such article, except under and in accordance with the terms and conditions of a licence issued in this behalf under sub-section (3): Provided that— (h) it shall not be necessary for any local authority to take out any licence -under this section; (ii) the State Government may, in the public interest. by notification in the Official Gazette, exempt such classes of seller,: or purchasers for resale as may be specified in such notification from the operation of this section. (2) Any person desiring to obtain a licence under sub-section (1) may make au application to the concerned market committee in such form as may be prescribed. (3) On receipt of an application under sub-section (2), the market committee may issue the licence in such form and subject to such terms and conditions and for such Period as may be prescribed and on payment of fees at such rates, not exceeding such maximum rates as may be prescribed, as the market committee may determine. (4) Any licence issued under sub-section (3) may be renewed by the market committee from time to time on application made in this behalf by the licensee and on payment of a fee equal to the fee payable for the issue of such licence in the first instance. (5) The market committee may refuse to issue or renew any licence under this section in favour of any person if it is satisfied that such person has previously been convicted by a court of law for an offence punishable under this Act. (6) The market committee may, -after giving the balder of a licence granted Under this section, an opportunity of showing cause in such manner as may be prescribed, cancel his licence or suspend it for such period as it thinks fit for any breach of the terms and conditions of the licence or for any contravention of the provisions of this Act. (7) Where any licence is cancelled or suspended under sub-section (6), the licensee shall not be entitled to any compensation therefor, nor shall he he entitled to the refund of any fee paid by him for the licence.