Amendment status not verified — confirm the current text below against the official source.
(I) Every member of a Market Committee other than the first one constituted by the Government shall hold office for three years commencing from the date of first meeting of the constituted Market Committee at which a quorum is present and the Market Acquisition of land for the purposes of thi Act. Composition of Market Committee Term of office of Members of Market Committee, Committee, shall, thereafter be reconstituted every three years before the expiry of the third year and not earlier than three months prior to such expiry. (2) The term of three years referred to in sub-section (I) shall include any period which may lapse between the expiry of the said three years and the date of the first meeting of the constituted Market Committee, at which a quorum is present. (3) The Government may by notification for sufficient cause to be stated therein, direct from time to time that the term of office of the members of a Market Committee be extended by such period not exceeding One year as may be specified in the notification. (4) A member elected or appointed under sub-section (I) of section 13 shall cease to hold office, if he ceases to be a member of the category of persons from which he was elected or appointed. (5) A member shall also cease to hold office if he in writing resigns his membership and the same is accepted by the Market Committee or if he is removed by the Government under the provisions of this Act. (6) Whenever any vacancy occurs in membership for any of the reasons aforesaid or on account of death the said vacancy shall be filled in by election, nomination or appointment, as the case may be, and every such member elected, nominated or appointed, shall hold office for the unexpired portion of the term of the member in whose place he is elected, nominated or appointed. (2) The term of three years referred to in sub-section (I) shall include any period which may lapse between the expiry of the said three years and the date of the first meeting of the constituted Market Committee, at which a quorum is present. (7) Notwithstanding any vacancy in a Market Committee it shall be competent to exercise its powers and perform its duties and none of its actions shall be questioned merely on the ground of its existence of any vacancy in or any defect in the constitution of the committee.