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

Section 32

(1) All moneys received by a market committee shall be paid into a fund a,,,,,,,,,,

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

(1) All moneys received by a market committee shall be paid into a fund a,,,,,,,,,,. to be calleil the "Market Cornmitt.: Fund". All expenditure incurred by the market Fund. committee under, or f.>r the purposes of, tilis Act shall be defrayed out of the said fund; and any surplus remaining after such expenditure has been met shall be invested in such manner as rnay be pres:iibed. (2) (a) Every market committee shall, in addition to the amounts payable under sub-section (4) of section 29, out of the Market Cornn~ittee Fund pay to the Government tlie cost of any special or additional staff employed by the Government in consultation with the markel coqmittee for giving effect to the provisions of this Act in the market area. (b) The Government shall determine the cost of special or additional staff and shall, where the staff is employed for the purpsses of more than one market committee, apportion such cost among the market committees concerned in such manner as they think fit. The decision of the Government determining the amount payable by any market committee shall be final, 1 2 1 1 (3) A11 amount received to the credit of the Market Committee Fund shall .be kept or invested in such manner as may be prescribed.

Section 32 – The Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996 | DailyLaw.ai