Amendment status not verified — confirm the current text below against the official source.
(I) For every market area, there shall be a Market Committee having jurisdiction over the entire market area. (2) Every such Market Committee shall be a body corporate by such name as the Government may, by notification specify and it shall have perpetual succession and a common seal and may sue and be sued in its corporate name and shall subject to such restrictions as are imposes by or under this Act, be competent to conduct and to acquire, hold, lease, sell or otherwise transfer any property and to do all other things for the purpose for which it is established : Provided that no immovable property shall be acquired or transferred by way of sale, lease or otherwise without the prior permission of the Director or the Board, (3) Notwithstanding. anything contained in any law for the time being in force, every Market Committee shall, for all purposes