Regulation of marketing of notified agricultural produce under contract farming

(1) Contract farming shall be done under a written agreement between the producer and the buyer of agricultural produce of contract farming in such manner and in accordance with such process as may be prescribed in the bye-laws. The agreement to be executed for contract farming shall be in such form as containing such specifications, terms and conditions as may be prescribed by the bye-laws. Explanation: (1) For the purpose of this section, "producer and buyer" means such person who produces and purchases agricultural produce respectively under a written agreement of contract farming. (2) The buyer shall submit an application to the Market Committee for registration of the written agreement of contract farming. The Market Committee shall register it in such manner and on such terms and conditions as may be prescribed by the bye-laws. (3) If any dispute arises between the parties in respect of the provisions of the agreement, any party may submit an application to the Chairman of the Market Committee for arbitration on the disputes. The Chairman of the Market Committee shall resolve the dispute after giving the parties a reasonable opportunity of being heard. (4) A party aggrieved by the decision of the Chairman of the Market Committee under sub-section (3) may prefer an appeal to the Managing Director or an officer authorised by him in this behalf within thirty days from the date of the decision. The Managing Director or the officer authorised by him shall dispose of the appeal after giving a reasonable opportunity of being heard to the parties and the decision of the Managing Director or the officer authorised by him shall be final. (5) Agricultural produce produced under contract farming shall be sold to the buyer outside the market yard as may be prescribed by the bye-laws. Market fee shall be payable by the buyer of agricultural produce at the rates prescribed under section 19 in such manner as may be prescribed by the bye-laws.