Amendment status not verified — confirm the current text below against the official source.
of B. 5 Alvl*r-odrmemt *f Seati*sr t7 Insertion of new section L9 A. Inseftion of Chapter II A Classification of Market in tlre FrEneipal &ef for liiestBon i;t. ine iolioiryin'; srreii b* substituted namelY;- '. The President of the Market Corytmircee ma',r resign I'rl: office at any time in writing acjci'essed to the ftirector ancj office sirall become vacant on the explry of fifteen ciear days from the date of such resignation, unless t'vithln the said period of fifteen days he withdraws the resignation in writing addressed to the Firector" In the Frimcipal Act, after Section !-9 the following section shali be insefted, namelY ;- (i) "19 A(1) A motion of no confidence may be moved againsL the Presldent at a meeting of the Market Cornmittee which shall be held in the prescribed manner within 30 days of the date of received of the notice of motion of the no confidence." (ii) (2) If the motion against the President convent under sub- section (1) is carried by a majority of not less than two third of the members of the Committee, ceased to be President as the case maY be. (iii) (3) The President shall not preside over the meeting, but such meeting shall be presided over by an officer of the State Govt. as the Director may appoint for the purpose. Hbwever, the President shall have the right to speak and other to take part in the proceedings of the meeting. (iv) (4) If the motion of no confidence is not accorded as aforesaid or if the meeting could not be held for want of quorum, no notice of any subsequent motion expressing vote of confidence in the same President shall be made until after the expiry of six months from the date of such scheduled meeting, In the Principal Act, after chapter II, and before chapter III the following chapter and provisions there under shall be inserted, namely :- Chapter II A Classification of Market and Special Market (i) 22 A The State Govt. / Director / Managing Director may classiff the market constituted under Section 4 tnto various categories on the basis of the criteria as may be prescribed.