Amendment status not verified — confirm the current text below against the official source.
Resignation by Chairperson and Vice-Chairperson and vacancy in their office. (1) The Chairperson and Vice-Chairperson may resign from their office at any time in writing addressed to the MD and the Chairperson respectively: and the office shall become vacant on the expiry of fifteen clear days from the date of such resignation. unless within the said period of fifteen days, they withdraw the resignation in writing addressed to the MI) or Chairperson, as the case may be. (2) Every Chairperson or vice Chairperson shall vacate office if he ceases to he a member of the Market Committee. (3) During the vacancy caused by resignation, death, removal or otherwise in the office of the Chairperson. the Vice-chairperson shall exercise the powers and perform the functions of the Chairperson till the Chairperson is duly elected, and if the office of Vice Chairperson is also vacant, then notwithstanding anything contained in this Act, the MD may appoint an Officer, who shall exercise the powers and perform the functions of the Chairperson till the Chairperson i dub clactod. During the vacancy caused by resignation, death, removal or otherwise in the office of the Vice—Chairperson. the Chairperson shall exercise the powers and perform the functions of the Vice—Chairperson till the Vice—Chairperson is duly elected.