Penalty for contravention of section 78

(1) If any person carrying on business in notified agricultural produce as a commission agent in the market yard or private market fails to comply his duty as specified under clause (a) and (b) of sub-section (2) of section 78 without any reasonable cause he shall on conviction be punished with fine not exceeding rupees five thousand.

1. (2) If any person carrying on business in notified agricultural produce as a commission agent in the market yard or private market fails to comply the responsibility of

payment of price to the seller under clause (c) of sub-section (2) of section 78 without any

reasonable cause shall on conviction be punished with imprisonment for a term which may

extend to six months and with fine which may extend to twice the value of the price and in

the case of continuing contravention with a further fine which may extend to rupees one thousand per day during which the contravention is continued after the first conviction.]

¹ Inserted by Act 23 of 2007 w.e.f. 16.8.2007