Grantor Renewal of license to establish electronic trading platform

General2022140 sections12 chapters

Chapter VI E-TRADING

Statutory text

(1) Any person desirous of establishing an e-trading platform under Section 54
(1) shall apply to the Director or the Officer authorized by him in such form and manner along with such fee and security or bank guarantee and fulfilling such conditions, as may be prescribed.
(2) The application received under sub-section (1) for grant or renewal of licence may be accepted or rejected for reasons recorded in writing by the Licensing Authority: Provided that the application under this section shall be liable to be rejected on the conditions mutatis mutandis to conditions laid down for private market yard under Section 73.
(3) The e-trading platform managed and operated by a person or State Government or its agencies, as the case may be, shall provide all infrastructures and services connected to e-trading, as may be prescribed.
(4) The licensee or its management committee, may collect user charge on sale transaction of notified agricultural produce including livestock on the e-trading platform: Provided that no user charge shall be collected from agriculturist-seller; Provided further that the State Government in public interest may from time to time, by notification, put ceiling on the rate of collection of user charge.
(5) The e-trading platform licensee shall contribute, of such user charge collection, to the separate “Revolving Marketing Development Fund” maintained by the Director at the rate in percentage at par with APLMC.

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