State Act
Section 10. Regulation and distribution of 3[in the cocoon markets]3.
10. Regulation and distribution of 3[in the cocoon markets]3.- (1) The Government may, from time to time, by notification, (a) specify the places at which cocoon markets, cocoon market yards and cocoon stores shall be located; (b) appoint a Market Officer 1[to levy and collect the market fee payable under this Act in respect of cocoons sold or purchased in the cocoon market] 1, and constitute a committee consisting of two representatives of rearers, and 2[three representatives of reelers]2, with the Market Officer as Chairman, for regulating generally the procedure for the conduct of business in the cocoon market and for the performance of such functions as may be determined by the Government; (c) specify the sericultural areas in the State to be served by each cocoon market where silkworm cocoon produced within such areas shall be sold; (d) assign zones and markets in which 2[any reeler]2 may carry on his business. 2[ 1[(2) All transactions involving the sale or purchase of cocoons in a cocoon market shall be by open auction or by e-auction in such manner as may be prescribed, the payment of the price shall be in cash or through electronic clearing system (ECS) or Real Time Gross settlement (RTGS) or National Electronic Fund Transfer (NEFT) as may be specified by State Government and the cocoons shall be sold by weight, as required by or under the Legal Metrology Act, 2009. (Central Act 1 of 2009) and rules made thereunder.]1]2