Bare ActsThe Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996

Section 11

Amendment status not verified — confirm the current text below against the official source.

A person shall be disqualified for being nominated as, and for being, the ofchairman, Chairman or the Vice-Chairman or a member of a market co~mittee- Vic~Chairman tiid membar of market (a) if he is a minor or of unsound mind ; committe. (b) if he is an applicant to be adjudicated as insolvent or is an undischarged insolvent ; (c) if he has been sentenced for any offence involving moral turpitude punishable under any law with imprisonment for one yea1 and upwards, such sentence not having been annulled and a period of five years has not elapsed from the date of expiration of the sentence; (n) if, and for so long as, there subsists a contract entered into by him in the course of his trade or business with that market committes for the supply of goods to, or fcr the execution of any works undertaken by, that market committee. Explanation.-For the purposes of this clause, where a contract has been fully pertomed by the person by whom it h:ts been enter :d itlto with the market committee, the contract shall be deemed not to subsist bjr reason only of the fact that the market committee has not performed its part of the contract either wholly or in part ; (e) if he is in default for a period exceeding fifteen days by failing to pay any fee or any other amount due to the market committee, from the date on whi~h a demand or notice has been served on him in that regard ; (f) if he is employed as legal practitioner on behalf of the market committee or agalnst it; or (g) if he js a paid officer or servant of any market committee other than the Cbief ~dministi~ative Officer. rerm of of

Section 11 – The Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996 | DailyLaw.ai