Amendment status not verified — confirm the current text below against the official source.
(1) If it appears to the Director/Managing Director that it is necessary or expedient in the interest of a market or Market Committee to make any bye-law or to amend any bye-law, he may, by order, require to the Market Committee concerned to make the bye laws or the amendment of the bye-laws within such time as he may specify in such order. (2) If the Market Committee fails to make such bye laws or such amendment of the bye-laws within the time specified, the Director IManaging Director may, after giving the Market Committee a reasonable opportunity of being heard by an order make such Bye-Laws or such amendment of the Bye-Laws and thereupon -45- Power of the Director to prohibit execution or further execution of resolution passed or order made by the Market Committee Power to call for proceedings of Market Committee and Managing Director/Director Liability of Chairman, Vice- Chairman, Member and Employees for loss waste or misappropriation etc " subject to any order under sub-section 3, such Bye-Laws or such amendment of the Bye-Laws shall be deemed to have been made or amended by the Market Committee in accordance with the provision of this Act or the rules made there under and thereupon such Bye-Laws or amendment shall be binding on the Market Committee. (3) An appeal shall lye to the State Government from any order of the Director/ Managing Director under SUb-section (2) within thirty days from the date of such order and decision of the State Government or such appeal shall be final.