Amendment status not verified — confirm the current text below against the official source.
(1) Save as otherwise provided in this Act ° { t t K Pan- o r r u je s fr a m e (j thereunder, all Panchayat fisheries sheries. *" falling within the jurisdiction of a Mohkuma Parishad shall be settled by inviting tenders or by public auction by the Committee constituted under Section 76A of this Act, in the manner prescribed : Provided that in case of failure to settle any Panchayat fishery for want of adequate bid even after second time, the Parishad may entrust the direct management of such fishery to the Gaon or Anchalik Panchayat concerned. (2) The M ohkuma Parishad shall deposit all sale proceeds of the Panchayat fisheries in its fund and after deducting contingent expenditure incurred in connection with the sale of the Panchayat fisheries, the Mohkuma Parishad shall refund the entire balance of sale proceeds to the Gaon or Anchalik Panchayat concerned/’ Am endm ent