The Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) (Enactment of bye-laws with retrospective effect to provide for levy and collection of the Registration fee and Market fee and Validation and Continuance) Act, 1997

The Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) (Enactment of bye-laws with retrospective effect to provide for levy and collection of the Registration fee and Market fee and Validation and Continuance) Act, 1997

This Act retroactively validates registration and market fees collected from iron and steel traders in the Kalamboli market of Navi Mumbai between February 1988 and April 1995. Applying to these commercial traders and the local Market Committee, it regulates the collection of registration charges and fees based on premises area used to fund common market services and facilities. This law matters because it prevents traders from seeking refunds and stops courts from enforcing any refund orders. By validating these past collections, the Act secures the committee's historical revenues and ensures that its past financial operations remain legally sound and protected.

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