Andhra Pradesh (Agricultural Produce and Livestock) Markets (Amendment) Act, 2011 (Act No. 12 of 2011)

The Andhra Pradesh (Agricultural Produce and Livestock) Markets (Amendment) Act, 2011 Act 12 of 2011 Keyword(s): APMC DISCLAIMER: This document is being furnished to you for your information by PRS Legislative Research (PRS). The contents of this document have been obtained from sources PRS believes to be reliable. These contents have not been independently verified, and PRS makes no representation or warranty as to the accuracy, completeness or correctness. In some cases the Principal Act and/or Amendment Act may not be available. Principal Acts may or may not include subsequent amendments. For authoritative text, please contact the relevant state department concerned or refer to the latest government publication or the gazette notification. Any person using this material should take their own professional and legal advice before acting on any information contained in this document. PRS or any persons connected with it do not accept any liability arising from the use of this document. PRS or any persons connected with it shall not be in any way responsible for any loss, damage, or distress to any person on account of any action taken or not taken on the basis of this document. Registered No. HSE/49 [Price : Rs. 0-30 Paise. B…{«§æææþ{糧óþÔŒý Æ>fç³{™èþÐèþ$$ THE ANDHRA PRADESH GAZETTE PART IV-B EXTRAORDINARY PUBLISHED BY AUTHORITY No. 12] HYDERABAD, MONDAY, APRIL 18, 2011. ANDHRA PRADESH ACTS, ORDINANCES AND REGULATIONS ETC. The following Act of the Andhra Pradesh Legislature, received the assent of the Governor on the 18th April, 2011 and the said assent is hereby first published on the 18th April, 2011 in the Andhra Pradesh Gazette for general information. ACT No. 12 OF 2011. AN ACT FURTHER TO AMEND THE ANDHRA PRADESH (AGRICULTURAL PRODUCE AND LIVESTOCK) MARKETS ACT, 1966. Be it enacted by the Legislature of the State of Andhra Pradesh in the sixty-second year of the Republic of India as follows:- [1] A. 436 2 ANDHRA PRADESH GAZETTE EXTRAORDINARY [Part IV-B Short title 1. (1) This Act may be called the Andhra Pradesh and com- (Agricultural Produce and Livestock) Markets (Amend- mence- ment. ment) Act, 2011. (2) It shall come into force on such date as the State Government may, by notification, appoint. Amendment 2. In the Andhra Pradesh (Agricultural Produce and of section 2 Live Stock) Markets Act, 1966 (herein after referred to (Act 16 of as Principal Act) in section 2,- 1966). (1) after clause (ii), the following clauses shall be inserted, namely,- “(iia) ‘e-market’ means electronic market set up either by Government or its agencies or a person for conducting trading in notified Agricultural Produce through electronic media or by any means of communication in which buying, selling, contracting and negotiating is car- ried out electronically through computer network/ internet.’ (iib) ‘e-trading’ means trading in which bill- ing, booking, contracting, negotiating information, Ex- change Record Keeping and other connected activities are done electronically on computer network/interenet or by any means of communication; (2) after clause (xvc), the following clauses shall be inserted, namely,- “(xvd) ‘Spot Exchange’ means a corporate entity for trading of notified agricultural produce through electronic media, by means of communication licenced under sub-section (7) of section 7, which provides an electronic trading platform for Spot Trading of notified Agriculture Produce;

April 18, 2011] ANDHRA PRADESH GAZETTE EXTRAORDINARY 3 (xve) ‘Spot Trading’ means trade in notified agricultural produce between seller and buyer, by an exchange, using an electronic platform; 3. In the Principal Act, in section 7, after sub-sec- Amendment tion (7) and the proviso thereunder, the following sub- of section 7. section shall be added, namely,- “(8) Notwithstanding anything contained in sub-sections (1) to (7), Government or the competent authority as may be declared by the Government in this behalf, may grant a licence to a person, to establish e-market in a notified area for the purpose of this Act, for e-trading under the conditions of license granted to him as per the procedure prescribed.”. A. SHANKAR NARAYANA, Secretary to Government, Legislative Affairs & Justice, Law Department. PRINTED AND PUBLISHED BY THE COMMISSIONER OF PRINTING AT LEGILSATIVE ASSEMBLY PRESS , HYDERABAD 2011.