Telangana Markets Act Country/Territory India Territorial subdivision Telangana Document type Legislation Date 1966 Source FAO, FAOLEX Long titleTelangana (Agricultural Produce and Livestock) Markets Act, 1966 Subject Agricultural & rural development, Livestock Keyword Agricultural commodities Contract farming Institution Internal trade Authorization/permit Indigenous peoples Farming Animal production Geographical area Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia Abstract This Act provides for the declaration of notified areas to regulate the purchase and sale of agricultural produce, livestock and livestock products in the State of Telangana. The Government shall constitute a market committee for every notified area and each committee shall establish notified market areas. The Act defines the internal organization of the market committees and their objectives which shall include the management of the markets in regulating the trade of notified agricultural produce. The committees shall be empowered to: issue licences to persons trading in notified agricultural commodities and who shall make their transactions only in the notified markets; and levy market fees from the purchasers of agricultural commodities. Market fees and licence fees shall be the major sources of income of market committees. The Act also dictates laws on contract farming in the State and provides that contract farming agreements must be registered with the market committee. Moreover, disputes arising out of contract farming agreements may be resolved by officers of the market committee. Full text English Website tsmarketing.in References - Legislation Amended by Telangana (Agricultural Produce and Livestock) Markets (Amendments) Act, 2016 Legislation | India | 2016 Keyword: Agricultural commodities, Contract farming, Internal trade, Authorization/permit, Registration, Farming, Animal production Source: FAO, FAOLEX