State Act

The Punjab Cattle Fairs (Regulation) Act, 1967

9. (1) No person shall act as a broker in any fair area unless he is granted in respect of such area a licence on such terms and conditions as may be specified therein. (2) A licence referred to in sub-section (1) shall be in such from, and shall be issued in such manner, on payment of such fee and by such authority, as may be prescribed. (3) No broker shall be entitled to claim from the seller or the purchaser or both a commission in respect of the sale or purchase of cattle at a cattle fair at a rate exceeding in the aggregate one percentum of the price of the cattle sold. (4) If the fair officer is satisfied that the holder of a broker's license has violated any of the terms and conditions of the license or has contravened any of the provisions of this Act or the rules made thereunder, he may, after giving to the broker a reasonable opportunity of being heard, suspend or cancel his license. (5) An order suspending or canceling a broker's licence shall be revisable by the Deputy Commissioner in such manner as may be prescribed.