Grant/ Renewal of licence to establish electronic trading platform.

ti ) Any person desirous of establishing an e-trading platform under Section 58 (1) shall apply to the MD or the Officer authorized by him in such form and manner along with such fee and security/bank guarantee and fulfilling such conditions, as may be prescribed. (2)The application received under sub-section (I)for grant or renewal of licence may be accepted or rejected for reasons recorded in writing by the Licensing Authority. Provided that the application received under this section shall he liable to be rejected on the condition(s) inutatis mutandis to condition(s) laid down for private market yard under Section 80.

1. (3) The c-trading platform managed and operated by a person or Government or its agencies, as the case may be, shall provide all infrastructures and services connected toe-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 c-trading platform: Provided that no user charge shall he collected from agriculturist-seller. Provided further that Government/Administration in public interest may from time to time. by notification, put ceiling on the rate of collection of user charge. (5) The c-trading platform licensee shall contribute, independent of such user charge collection, to the separate "Revolving Marketing Development Fund" maintained by the MD at the rate of percentage at par with APLMC.. The Fund M ill be utilized for the purposes and in the manner mutatis mutandis to Section 13 (5) of this \c1,