Amendment status not verified — confirm the current text below against the official source.
(.1) The proprietor of every market situated within any area in which this Act is brought into force shall, within a period of three months from— (a) the date on which this Act is brought into force in that area, in the case of markets existing on such date, and (b) the establishment of the market, in the case of markets established after such date, srabmit in Calcutta, to the Director, and in any other place, to the Sub-divisional Magistrate, a statement in the pres- cribed form showing rents or rates of rent which he may have been charging or proposes to charge from different persons for use of such market and such other information as may be prescribed. Fair and, equitable rent in market. 12 The West Bengal Markets Regulation Act, 1968. [President's Act (2) On the expiry of the period of three months referred to in sub-section (1), the Director or the Sub-divisional Magistrate, as the case may be, shall make or cause to be made such inquiries as may be prescribed and shall,— (a) where he is satisfied that the rents or rates of rent charged or proposed to be charged by the proprie- tor are fair and equitable, declare the same to be so, and (b) where he is not so satisfied, or where no statement is furnished as required by sub-section (1), fix the rents or rates of rent to be charged by the pro- prietor from different persons for use of the market and declare the same to be fair and equitable, and shall indicate in such declaration the date from which the declaration shall take effect. (3) The Director or the Sub-divisional Magistrate, as the case may be, shall cause copies of every declaration made under sub-section (2) to be maintained in his own office and in the office of the market committee concerned and to be published in the market concerned and in such other manner as may be prescribed. (4) Subject to any orders that may be passed in appeal under section 31, all rents or rates of rent in respect of which a declaration has been published under sub-section (3" shall be deemed to be fair and equitable rents or rates of rent within the meaning of this Act with effect from the date from which such declaration takes effect. Fees, tolls