Amendment status not verified — confirm the current text below against the official source.
On the issue of a notification under section 6B constituting a new Committee for the market areas amalgamated the following consequences shall ensue, namely- (a) all the property under the control of a Committee immediately before the date of amalgamation including funds shall be the property and fund of the new Committee ; (b) the staff of the Committees of the amalgamated market areas shall, until otherwise ordered by the Act, be continued and deemed to be the staff appointed by the new Committee ; (c) all rules, bye-laws, orders and notifications in force in the area of the Committees amalgamated immediately before the date of amalgamation shall, except the rules, bye-laws, orders and notifications in respect of such matters, as may be specified by the State Government by notification issued in that behalf, stand repealed and the rules, bye-laws, order, and notifications in respect of matters specified therein shall operate, throughout the area of new Committee until altered, amended or cancelled in accordance with the provisions of this Act ; Effect of alteration of limits. Effect of amalgamation. The Punjab Agricultural Produce Markets Act, 1961 (d) any right, privilege, obligation or liability acquired, accrued or incurred by the Committees amalgamated shall be deemed to be the right, privilege, obligation or liability acquired, accrued or incurred by the new committee. 6F On the issue of notification under section 6B splitting up a market area into two or more market areas the following consequences shall ensue, namely - (a) All rules, by-laws and orders, in force in the area of the original Committee immediately before the market area of such Committee is split up, shall continue to be inforce in the areas comprised in the new Committees until altered, amended or cancelled in accordance with the provisions of this Act; (b) All property vested in the original Committee shall subject to any orders of the State Government be held and expended by the Board for the purposes of the areas of the newly constituted Committees.