LICENSING OF PRODUCE BROKERS ACT
Arrangement of Sections
1. Short title.
2. Prohibition of the carrying on of the business of a produce broker without a license.
3. License not transferable.
4. No compensation for any loss incurred by reason of a license not being issued to any person who prior to the appointed date carried on business as a Produce Broker.
5. Suspension or cancellation of license.
6. Power to issue directions to produce brokers.
7. Power of entry and inspection.
8. Maintenance of records.
12. Liability of certain persons in respect of offences committed by bodies corporate or unincorporate.
13. Power to cancel license on conviction of produce brokers.
9 of 1979.
AN ACT to provide for the regulation and control of the carrying on of the business of a Produce Broker by the introduction and operation of a system of Licensing, and for matters connected therewith or incidental thereto.
[Date of Commencement: 9th February, 1979]
1. Short title.
This Act may be cited as the Licensing of Produce Brokers Act.
2. Prohibition of the carrying on of the business of a Produce Broker without a License.
(1) The Minister may, by Order published in the Gazette, declare that, with effect from such date as shall be specified in the Order (hereafter referred to as the "appointed date”), no person shall carry on business as a produce broker except under the authority of license issued in that behalf by any appropriate authority under this Act.
(2) No license shall be issued under this Act to any body corporate which is a company, unless it has been or is formed and registered under the Companies Ordinance1.
(a) No license shall be issued under this Act to any person who does not comply with the terms and conditions set out in the Schedule hereto.
(b) Where a license has been issued to any person under this Act and such person acts in violation of any of the terms, and conditions set out in the Schedule hereto, the appropriate authority may by order, suspend for any period specified in such order, or cancel, such license.
(4) No license shall be issued by any appropriate authority to any person under this Act, except upon the payment by such person to such authority of the prescribed fee.
(5) The Minister may, from time to time, by Order published in the Gazette, appoint any person, by name or by office, to be an appropriate authority for the purposes of this Act.
(6) Regulations may be made under this Act for and in respect of all or any of the following matters:
(a) subject to the provisions of this Act the circumstances in which license may be granted or refused;
(b) the person to whom and the period for which license may be granted;
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