Commission agent's commission and responsibility

(1) A commission agent shall recover his commission only from the buyer at such rates not exceeding two percent of the price, for which the agricultural produce is sold as may be specified in the bye-laws:

Provided that in the case of agricultural produce like fruits, vegetables and flowers, a commission agent may charge commission at such rates not exceeding five percent of the price for which such agricultural produce is sold as may be specified in the bye-laws.

1. (2) A commission Agent shall,-
   • (a) arrange for the storage of the goods of the seller;
   • (b) keep the goods of the seller in safe custody and adequately insured against fire, theft or flood, rain or any other natural calamites; and
   • (c) pay the seller in cash the price of the goods as soon as such goods are sold.]

¹ Substituted by Act 35 of 1986 w.e.f.17.6.1986

** See foot note section 61 and foot note below section 10