Amendment status not verified — confirm the current text below against the official source.
The Superintendence, Direction and control of the preparation of the list of election of voters for, and conduct of, all election to Market Committee shall be vested fund. in the Director and, for the purpose of preparing the list of voters and conduct of elections, every Market Committee shall constitute an election-fund consisting of an amount as may be determined by the Director and shall deposit with the Director such amount and before such date as may be directed by him for meeting the expenses for preparing or revising the list of voters of conducting the election. Commence- 11. (1) The term of office of the members of a Market Committee shall mentoftern be deemed to commence on the date of the first meeting of the Market Of office Of Committee at which business is transacted. members. (2) The first meeting of the Market Committee, to be called by the President, shall be held on such date as may be fixed by the Director or any officer authorised by him in that behalf, being a date not later than thirty days from the date on which the committee is deemed, under sub-section (6) of Section 9 to be duly constituted. (3) Where the first meeting can not, for any reason, be held within the said period of thirty days, the Director shall report the fact to the State Government stating the reasons for the failure to hold the meeting, and shall act according to the direction of the State Government issued in that behalf. (4) The term of office of the out-going members shall be deemed to extend to and expire with, the date immediately preceding the date of such first meeting.