Section 17(4) in The Punjab Agricultural Produce Markets (General) Rules, 1962
(4)[ Unless otherwise provided in the licence, each licence issued under the Act shall expire on the 31st day of March following two successive years ending on the 31st day of March.] [See Legislative Supplement Part 111 dated 24th February, 1989 P. 307.]Explanation. - If a licence is issued on the 1st day of April, 1988, or any other day before the 31st day of March, 1988, it shall expire on the 31st day of March, 1991.
