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

Section 42

(1) When a market committee is superseded under section 4 1

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

(1) When a market committee is superseded under section 4 1. the Govern Appointmrot ry nlent stlalI, by order, appoint a Special OAicer for a period not exceeding one year spacial oHfcer to manage the affairs of the msrket committee pending the constitutio:1 of a newv market comlaitteb or, a" t5e c?se may be, the enterin:: upon office by ;1 new market c~minrtlee : provided th .t the period specified in sac11 order may, for special reasons to be recorded in writin? by the Government, be extended from time to tlme, but such order shall not reniain in force for more than three years in the aggregate. (2) A Special Officer nay be appointed under sub-secti c n ( I ) for one or more , ,.lrket colnmiltc:s as the Govtr~iment may, bv order, specify. 1 3 ) c,,":. ;he ;,-uc of .:n order undcr s~~hsectbn (1) appointing a Special 1 , - r-' - .(,r;;e: t.$.nces sh;lJl erl* t --- I,,) 111‘ I I I ' I I I ( I 1 4 ' 1 ° I I ' I t l 1 , l ( I I I I ' , ' , , , ' , , . . t ! I : , : I I , . I I ~ ~ C ~ o ~ ~ I I ~ I I I I I I ~ ~ 1 I I ~ ~ I I I I ~ I , 8 ' I I I I : I I I I I I 1 I I<' 11 O I ~ ~ C I , be t l c ~ ~ ~ ~ c ~ l l c j 11,tvc , i 1 1 . ti ! I I ~ . , I t , l l i ~ ~ : , , ;II L! (h) all the asscts vested in the malh;~ cotnn!itt~~ sl,s~l, \ t i l > , ~ ~ t to ;111 Iraljilities, vest in the Government. (4) The Goveinnle~ ! may, l,yordcr, trancfc~, lo t f c 51 cc L I (,If c: r :lrj-oi~~tcd under sub-scction (I), the a\\ct\ and liabilitic5 ,f 111: m:i~.i<c.L LO:,I !:"-- .:; .,:I the dale of such trandcr. , ( 5 ) Wl~crc ;I Spc.c.i:rl Ofi~c t.r i\ ,ippoit~tcd unllcr '~ll;)-;~c~ii,li ( i , .If.: ( , ~ , . ; ~ I I ~ ~ ; ~ ~ ~ ~ ~ rllcly ul)l~oi~rl arr atlvisoly I)o;lrd lo advisc ll~c !;l)cciLll Ofilc .I. I I I yrc!~ III:~[~CI.:, as may be specified by the Gover~inlent and the i dvisory ~ O L L I ~ shali c~ilsist of the followjng members, namely:- (a) three persons licensed under sub-section (1) of sectic!r~ 21 in the market area; I (b) the Deputy Director of Agric~lt~~ral Nrrket~np having jurisdiction over the market area; (c) two other officers of the Go~er~lment. (6) The Governmen; may fix the remuneration payable to the Special Oficer appointed under sub-section (I) and the amount of remuneration so fixed and such other expenditure incidental to the manakement of the market committee, &rink: the period of appointment of the Special O5cer as may be approved by the Govern- ment, shall be payable from the Market Committee Fund. (7) At any time before the expiry of the period rererred l o in sub-section (1 1, the Government may constitute a new market committee in accordance with sectioll O and transfer thereto all the assets and liabilities of the market committee as on the date of such transfer. . . . - a P ~ ~ I E LA Spcc1a1

Section 42 – The Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996 | DailyLaw.ai