Tripura Agricultural Produce Markets (Third Amendment) Act, 2020

May 14, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The State Government of Tripura on May 05, 2020, publishes the Tripura Agricultural Produce Markets (Third Amendment) Act, 2020, to further amend the Tripura Agricultural Produce Markets Act, 1980.

The amendments are as under:

 Insertions of certain definitions:

a) Clause ea: Electronic trading 

b) Clause eb: Electronic trading platform

c) Clause ia: Market Sub-Yard

d) Clause ib: Market Yard

e) Clause ic: National Agriculture Market

f) Clause pa: Sub-Market Yard.

 Section 26 which specifies the power of market committee to levy fees has been substituted.

 Under section 30(1) which specifies Regulation of marketing of agricultural produce, clause (a) and (b) has been substituted with:

“the General manager of Tripura Agricultural Produce Market Board”

 Section 31 which specifies grant or renewal of license has been substituted.

 Insertion of a Chapter: VA (Electronic and Online Trading)

 Insertion of section 36A: At least 10% of Market Fund collected from all sources shall be used to create a corpus fund by the Agricultural Produce Market Committee for executing purchase of any notified agricultural produce, whenever market price of any produce fall below a cut off price as recommended by a Committee engaged by the Government.

 Insertion of a new sections under heading Duty of Local Authority to give information and assistance

Section 45A has been substituted:

Penalty for contravention of the provision of electronic and online trading: Whoever contravenes any provisions of Chapter VA shall, on conviction, be punished with imprisonment for a term which may extend to six months or with a fine which may extend to ten thousand rupees or both.

[Notification No. F.8(11) Law/Leg-I/2020/2999-3000]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.