Agricultural Produce Markets Regulation Act, 1964 (Act No. IX of 1964).

This Act empowers the Government to declare any market to be a notified market and establishes the figure of the market functionary, as an intermediary between the producer and the seller. Market functionaries may operate in a notified market only in possession of a licence issued by the Agricultural Marketing Department. Requirements and procedures for obtaining a licence are set out in the text.
The Act further provides for the establishment of a Market Advisory Committe and defines its internal organization and its functions. Functions of the Committee include: advise the Director in the matter of regulation of market practices and of fixation of market charges for different kinds of agricultural produce for different market functionaries operating in the notified markets; maintain a set of standard weights and measures; and undertake arbitration in respect of disputes between purchasers and sellers.