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[Cites 0, Cited by 0] [Section 3] [Entire Act]

State of Uttar Pradesh - Subsection

Section 3(2) in U.P. krishi Utpadan Mandi (Bisawan Sanshodhan) Niyamawali, 2016

(2)The Director may specify one or more of the following in respect of commodities and markets specified under sub-rule (1), namely -
(i)quality testing of commodities, grading, quality certification and standardization of commodities;
(ii)weighing of commodities before or after the sale;
(iii)storing of commodities in warehouses in the market area and sale of such stored commodities;
(iv)facilitation of collateral financing and borrowing against warehouse receipts;
(v)payment of price of the commodities by traders;
(vi)procurement and disposal of commodities through the electronic platform;
(vii)compensation to the seller in case of default by the trader or the commission agent;
(viii)market intelligence reports;
(ix)any other matter, which in the opinion of the Director is necessary for giving effect to sale of commodities through the electronic platform.