Assam Agricultural Produce Market Act, 2006

Section 1

Short Title and Commencement: This section establishes the name of the Act and its effective date.

Section 2

Definitions: It outlines important definitions related to agricultural produce, markets, market committees, and stakeholders involved in the agricultural marketing system.

Section 3

Establishment of Market Areas: Designates specific areas as agricultural produce markets, providing a framework for their operation.

Section 4

Market Committees: Establishes market committees for each market area, detailing their composition, powers, and functions. These committees are responsible for regulating the market, ensuring transparency and fairness.

Section 5

Licensing of Market Functionaries: Requires all market functionaries (such as traders, commission agents) to obtain licenses, promoting accountability and regulation.

Section 6

Regulation of Transactions: Specifies rules governing the sale and purchase of agricultural produce, aiming to protect the rights of farmers and buyers.

Section 7

Pricing Mechanisms: Introduces provisions for determining the minimum support prices and ensuring that farmers receive fair compensation for their produce.

Section 8

Market Fees and Levies: Outlines the fees and other charges applicable to transactions in the market, along with the utilization of these funds for market development.

Section 9

Records and Returns: Mandates the maintenance of records by market functionaries and the submission of returns to the market committee for transparency and accountability.

Section 10

Dispute Resolution: Establishes mechanisms for resolving disputes between various stakeholders in the market, promoting fair practices.

Section 11

Penalties: Details penalties for violations of the Act, including fines and possible revocation of licenses, ensuring compliance among market participants.

Section 12

Amendments: Provides the framework for amending the Act as necessary to adapt to changing agricultural market conditions.