West Bengal State Marketing Board

MEMORANDUM OF UNDERSTANDING

This MEMORANDUM OF UNDERSTANDING is made this 10th day of October, 2008 between The Hon’ble  Governor of West Bengal

 And

 M/S Metro Cash & Carry India Pvt. Ltd. duly incorporated and registered under the Companies Act, 1956, having its registered office at survey no: 26/3, ‘A’ Block, ward No: 9, Industrial Suburbs, Subramanyanagar, Bangalore-560-055 and its local office at the Distribution Center at Eastern Metropolitan Bypass; Mouza Barakhola, J.L.NO: 21 Survey plot Nos: 112(P), 126, 127(P), 162(P), East Jadavpur, Dist: South 24 Prgs.

 

            Whereas M/S Metro Cash & Carry India Pvt. Ltd. has approached the state Government of West Bengal to carry on Cash & Carry Wholesale business of sales of various item including notified agriculture produce in West Bengal.

 

            Whereas the issue has been discussed threadbare with the officials of the Government and representatives of  M/S Metro Cash & Carry India Pvt. Ltd in presence of the chief Secretary, West Bengal to evolve modalities for carrying on the Cash & Carry wholesale business in the State of West Bengal.

  

NOW THIS MEMORANDUM OF UNDERSTANDING WITNESSETH AS FOLLOWS:

 

1)      As regards agricultural produce M/S Metro Cash & Carry India Pvt. Ltd. undertakes that it will abide by all terms and conditions of license and other provisions laid down in the West Bengal Agricultural Produce Marketing (Regulation) Act, 1972 (as amended upto date) and the West Bengal Agricultural Produce Marketing (Regulation) Rules, 1982 (as amended upto date)

2)      Metro Cash & Carry India Pvt. Ltd will ensure that they will not be involved in any type of retail business. They will be engaged only in Cash & Carry wholesale business and make sales on business to business basis.

3)      M/S Metro Cash & Carry India Pvt. Ltd. must not go for any sort of contract farming.

4)      Business Customer of M/S Metro Cash & Carry India Pvt. Ltd. must hold a trade license ,RMC license or any other business license issued by appropriate authority. M/S Metro Cash & Carry India Pvt. Ltd will render all co-operation with South 24 Prgs. Regulated  Market Committee in respect of RMC license.

5)      It is agreed by M/S Metro Cash & Carry India Pvt. Ltd. that all disputes arising out of matters under the West Bengal Agricultural Produce Marketing (Regulation) Act, 1972 shall be dealt with by the Courts under the exclusive jurisdiction of the Culcutta High Court.

6)      The License under the West Bengal Agricultural Produce Marketing (Regulation) Act,1972 in Form-4 accordingly is being issued in favour of  M/S Metro Cash & Carry India Pvt. Ltd on 10th October, 2008

 

Signed on this 10th day of October 2008 at Kolkata.

 

 

Representing                                                                                             Representing

M/S Metro Cash & Carry                                                               The Government of West Bengal

India Pvt. Ltd

 

                                                                                     

      Secretary,

                                                                                                Agricultural Marketing Department,

                                                                                                                   West Bengal