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Telangana Markets Act

Country/Territory
India
Territorial subdivision
Telangana
Document type
Legislation
Date
1966
Source
FAO, FAOLEX
Long title
Telangana (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