Amendment status not verified — confirm the current text below against the official source.
Power to write off irrecoverable fee etc. The Market Committee may write off any fee or amount whatsoever due to it, whether under a contract or otherwise, or any amount payable in addition therewith. if in its opinion such fees or an amount is irrecoverable: Provided that the Market Committee shall, before writing off any such fee or amount, obtain the sanction of the Board, if the fee or amount exceeds rupees twenty five thousand.