Amendment status not verified — confirm the current text below against the official source.
Every market committee shall be a body corporate by such name as the State Government may specify by notification in the Official Gazettee. It shall have perpetual succession and a common seal, may sue and be sued in its corporate name and shall be competent to acquire and hold, lease, sell or otherwise transfer any property and to contract and to do all other things necessary for the purposes for which it is established.