(1) No private person shall establish or maintain a private market except under a licence granted by the Board.
(2) The Board may grant, a licence subject to such conditions as regards sanitation, drainage, water-supply, width of paths and ways, weights and measures to be used and rents to be charged in such markets as may be prescribed under clause (xvii) of sub-section (2) of section
200.
(3) While granting such licence, the Board may charge a fee not exceeding such amount as may be prescribed.
124. A licence under section 123, shall, unless it otherwise directs, remain in force for the financial year during which it has been granted but may at any time be suspended or cancelled for breach of any of its conditions.
125. If the Board fails to grant a licence under section 123 for a period exceeding three months from the date of the receipt of an application for such licence, the applicant may apply to the Government who shall in the first instance, direct the Board to decide the application within one month from the date of such direction. If the Board does not decide the application within that period, the Government may reject the application or grant a licence or direct the Board to grant a licence.
126. Any person—
(a) establishing or maintaining a private market for which a licence has not been granted under section 123, Closing of public markets.
Licensing of private markets.
Term of such licences.
Procedure when Board delays grant of licence.
Penalties.
[Act No.I of 1956] 69
(b) opening or keeping open a private market for which the licence has been suspended or cancelled under section 124, shall be punishable with fine which may extend to one hundred rupees and if the breach is a continuing one, with further fine which may extend to ten rupees, for every day after the first during which the breach is proved to have been persisted in.
CHAPTER VIII.
Revenue and Expenditure.
127. There shall be formed for each district, a District Fund and there shall be placed to the credit thereof—
(a) the accumulated balances of the District Fund of the district at the commencement of this Act;
(b) the proceeds of cesses, taxes, tolls and fees, authorised to be levied under this Act;
(c) all rents and profits accruing from the properties bought, constructed or maintained by the Board or from properties otherwise vested in the Board;
(d) all penalties paid to or levied by or on behalf of the Board and all fines imposed by a Magistrate under this Act or the rules and bye-laws framed thereunder;
(e) the sale proceeds of all property vested in the Board that may be sold under its orders;
Constitution of District Fund.
70 [Act No.I of 1956]
(f) the proceeds of all public ferries established under the 10[Telangana Ferries Act, 1314 Fasli], within the jurisdiction of the Board, and all penalties and fines realised under that Act in respect of such ferries;
(g) all grants and assignments of revenue and contributions made by the Government, local authorities and private individuals;
(h) all sums received on account of fines and unclaimed sale-proceeds under the provisions of the Hyderabad Cattle Trespass Act, 1337 Fasli;
(i) unclaimed deposits and other forfeitures; and
(j) all other sums received by or on behalf of the Board under this Act or any other law for the time being in force.