Amendment status not verified — confirm the current text below against the official source.
Denotification of a market area and its consequences.- (1)1[x x x]1 the State Government may by notification declare that a market area shall from a date to be specified in the notification, cease to be a market area. (2) When any area ceases to be a market area under sub-section (1), the market committee constituted therefor shall cease to exist, and the property and rights vested in any such market committee shall subject to all charges and liabilities affecting the same, 2[vest in such neighbouring market committee as the State Government may, by order, specify.]2