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(3) The price of the notified agricultural produce brought into the market yard for sale shall be settled by tender bid or open auction system and no deduction shall be made from the agreed price on any account whatsoever:

¹ [Provided that in the market yard the price of such notified agricultural produce of which support price has been declared by the State Government, shall not be settled below the price so declared and no bid shall be permitted to start , in the market yard, below the rate so fixed.]

² [ (4) ³[Weighment or measurement of all the notified agricultural produce so purchased shall be done by such person and by such procedure as may be provided in the bye-laws] or any other place specified by the market committee for the purpose:

Provided that the weighment, measurement or counting as the case may be, of Plantain, Papaya or any other perishable agricultural produce as may be specified by the State Government, by notification, shall be done by a licensed weighman in the place where such produce has been grown.]

37. Conditions of buying and selling.- (1) Any person who buys notified agricultural produce in the market area shall execute an agreement in triplicate in such form as may be prescribed, in favour of the seller. One copy of the agreement shall be kept by the buyer, one copy shall be supplied to the seller and the remaining copy shall be kept in the record of the market committee.

⁴ [(2) (a) The price of the agricultural produce bought in the market yard shall be paid on the same day to the seller at the market yard;

(b) In the case purchaser does not make payment under clause (a), he shall be liable to make additional payment at the rate of one percent, per day of the total price of the agricultural produce payable to the seller within five days;

(c) In case the purchaser does not make payment with additional payment to the seller under clause (a) and (b) above within five days from the day of such purchase, his licence shall be deemed to have been cancelled on the sixth day and he or his relative shall not be granted any licence under this Act for a period of one year from the date of such cancellation.

Explanation,- for the purpose of this clause " relative" means the relative as specified in the explanation in clause (a) of sub-section (1) of Section 11.]

(3) No wholesale transaction of notified agricultural produce shall be entered into directly by licensed traders with producers of such produce ⁵[except in the market yards or such other places as provided in the bye-laws. ]

1. Added by MP 24 of 1986 [21.7.86]

2. Ins. by MP 24 of 1986 [21.7.86]

3. Subs. by MP 31 of 2000 [5.10.2000]

4. Subs. by MP 24 of 1986[21.7.86]