Amendment status not verified — confirm the current text below against the official source.
Execution of contracts by market committee.- (1) Every contract entered into by the market committee shall be in writing and shall be signed on behalf of the market committee by the Chairman, the Secretary and one other member of the market committee or where a Special Officer has been appointed under sub-section (1) of section 33 in respect of a market committee such Special Officer and the Secretary. (2) No contract other than a contract executed as provided in sub- section (1) shall be binding on the market committee. 17