commission agent definition

commission agent means a person who acts on behalf of another person for causing sale or purchase of goods or provision or receipt of services, for a consideration, and includes any person who, while acting on behalf of another person, —
commission agent means a person who on behalf of his principal trader and in consideration of a commission on the amount involved in such transaction, buys agricultural produce and keeps it in his custody and delivers it to the principal trader in due course or receives and takes in his custody agricultural produce sent for sale within the market area or from outside the market area, sells the same in the market area and collects payment thereof from the buyer and remits the sale proceeds to his principal trader;
commission agent means an agent or employee who is remunerated by commission;

Examples of commission agent in a sentence

  • As per the Food and Procurement Policy for KMS 2019-20, the Corporation has to undertake procurement of paddy from farmers engaging PACS as Commission Agent.

  • Individual PACS shall act as Commission Agent of the Corporation for procurement of FAQ / URS paddy from the farmers in the concerned districts.


More Definitions of commission agent

commission agent means a person who on behalf of another person and in consideration of commission makes or offers to make purchase or sale of agricultural produce or does or offers to do anything necessary for completing and carrying out such purchase or sale;
commission agent means an agent who is remunerated by commission;
commission agent means a person who, in the ordinary course of business, makes contract for the sale or purchase of goods for others for a remuneration (whether known as commission or otherwise) which is determined in the contract itself or determinable from the terms of the contract, in either case, only with reference to the quantity of goods or to the price therefor as stipulated in the contract;
commission agent means a person who in the ordinary course of business makes or offers to make a purchase or sale of agricultural produce on behalf of the owner or seller or purchaser or such agricultural produce for commission;]1
commission agent means one (1) of the members of the Indiana state police department who is assigned to work with the commission's gaming enforcement section and who is on duty.
commission agent means a person whose services are remunerated by commission or a combination of salary and commission;
commission agent means a person who does work for another person as the agent of that person and who is remunerated, whether in whole or in part, by commission;