Classification of markets

Classification of markets (1) The Government shall have power to classify public and private markets situated in a village as [Mandal Praja Parishad] markets and gram panchayat markets and provide for the control of any such market and for the apportionment of the income derived therefrom between the [Zilla Praja Parishad], [Mandal Praja Parishad] and the gram panchayat or the payment of a contribution in respect thereof to the gram panchayat or the [Zilla Praja Parishad] or [Mandal Praja Parishad] as the case may be. (2) In the case of markets classified as [Mandal Praja Parishad] markets, the gram panchayat and its executive authority shall not exercise any of the powers conferred on them by sections 104 to 111 or both inclusive.