Amendment status not verified — confirm the current text below against the official source.
(2) In case of emergency, the Executive Committee may decide issues requiring approval of the Market Committee. However, such decisions st1811have to be approved by the Market Committee within 45 days from the date, such decisions have been taken. Failure in so or in the event of disapproval of such decisions by the Market Committee, such decisions shall stand null and void. (3) The Executive Committee will meet as often as necessary, but at least once in two months. Executive member of the Market Committee shall Act as the Chief Executive Officer of the Market Committee of the Special Market. The Chief Executive officer shall- (i) Exercise supervision and control over the officers, and staff of the Market Committee in matter of executive administration concerning accounts and records and disposal of all questions relating to the services of the officers and staff of the Market Committee as per the prescribed procedure. (ii) Appoint officers and staff of the Market Committee as per direction and procedure prescribed by the Market Committee. (iii) Incur expenditure from the Market Committee fund for the sanctioned items of work. (iv) In cases of emergency, direct the execution of stop- page of any work and doing of any Act which requires the sanction of the Market Committee. (v) Launch prosecution for violation of provision of this Act and rules and by-laws made thereof. (vi) Issue licenses to the functionaries operating in the market. (vii) Prepare Annual budget of the Market Committee. (viii) Arrange for summoning the meetings of the Market Committee and maintenance of records of the proceedings of such meetings. (ix) Inspect from time to time the construction work undertaken by the Market Committee and send report of such inspection to the Chairman of the Market Committee. (x) Report such acts of the Market Committee or members of the Market Committee including the Chairman and Vice-chairman which are contrary to the provisions of this Act and Rules and By-laws framed thereof to the Director of Marketing. -19- Meeting etc. of Market Committee Power and duties of Market Committee (xi) Take such steps as deemed necessary for effective discharge of the functions and decisions of the Market Committee . CHAPTER V Conduct of Business and Powers and Duties of lVlar~(etCommittee 25, ~1) Subject to the provisions of this Act, the Market Committee shall conduct its business as may be prescribed. (2) A Market Committee shall meet for the transaction of its business at least once in every month, provided that the Market Committee may in special circum- stances meet at any time and at any place in the market area 8S may be prescribed. (3) Chairman shall preside over meetings of Market Committee and if he is absent, the Vice-Chairman shall preside over meeting of the Market Committee and if at any meeting both the Chairman and the Vice-chairman are absent, such one of the members present in the meeting as may be chosen by the members present may Act as Chairman.