Amendment status not verified — confirm the current text below against the official source.
(1) Every market committee shall be a tion of mar- body corporate by such name as the State Govern- ttee8 0m Ini* ment may specify by notification in the official Gazette. It shall have perpetual succession and a common seal, may sue or be sued in its corporate name and shall be competent to acquire and hold lease, shall or otherwise transfer any property and to contract and to do all other things necessary for the purpose for which it is established. (2) Where a market committee is established in any area, no person shall function as a trader, commercial agent, broker, weighman, measurer, surveyor, warehousemen or in such other capacity as may be determined by the Director in any market within the area, to work in a processing or pressing factory, unless a licence is issued to such person by the market committee on payment of such fees and subject to such conditions as may be prescribed.