Amendment status not verified — confirm the current text below against the official source.
(1) When a Market Committee is established for the first time under this Act, the State Government or the Director or Managing Director shall by an order appoint; A person to be the officer-in-charge for a period not exceeding two years, or a committee-in-charge for a period not exceeding two years. Tile members of the Market Committee may be appointed from among persons representing the same interests and in the same proportion as specified in Section 14. The Officer-in- Charge or the Committee-in-charge shall subject to the control of the Director/ Managing Director, exercise all the powers and perform all the duties of the Market Committee under this Act: Provided that the State Government or the Director may at any time during the period aforesaid appoint committee-in-charge in place of Officer-in-Charge and officer-in-charge in place of Committee-in-charge as the case may be, so appointed shall hold office or shall function for the remainder of the period available to its predecessor: Provided that in the event of death, resignation, leave or suspension of the Officer-in-charge, a casual vacancy shall be deemed to have occurred in such office and such vacancy shall be filled, as soon as may be, by appointment of a person thereto by the State Government or the Director / Managing Director and until such appointment is made, a person nominated by Director/Managing Director shall Act as Officer-in- charge: Provided that if the Market Committee is constituted before the expiry of the period aforesaid the officer- in-charge shall cease to hold office or the committee- in-charge shall cease to function on the date appointed for the first general meeting of the newly constituted Market Committee. (2) In the event of a vacancy occurring on account of death, resignation or otherwise of the members of the Market Committee-In-charge, the vacancy shall be filled in by fresh appointment by the State Government or the Director or the Managing Director. (3) Any officer- in-charge or any or all persons appointed as the committee-in-charge under clause (a) of sub-section (1) may at any time be removed by the Director/ Managing Director who shall have power to appoint another person or persons, as the case may be, in his or their place or places. (4) Every person appointed officer-in-charge under sub-section (1) shall receive from the Market Committee fund for his services such honorarium and allowances as may be fixed by the Director/Managing Director and every member of the committee-in-charge shall be entitled to receive from the Market Committee -11- Constitution of Market Committee fund. Allowances at such rate at which allowances are payable to members of the Market Committee.