Amendment status not verified — confirm the current text below against the official source.
Where the Director/Managing Director is of the opinion that a Market Committee has failed in the performance of its functions or discharge of its duties or has exceeded or abused the powers conferred on it by or under this Act, it may, by notification in the Official Gazette, supersede the Market Committee: Provided that no order of Supersession shall be passed unless the Director/ Managing Director has afforded reasonable opportunity to the Market Committee of submitting a written explanation in respect of the allegations against it.