(1) The Market Committee may, with the previous sanction of the Director/

Managing Director, raise money from banks , financial institutions or issue

debentures required for carrying out the purpose for which it is established on the security of any property vested in it and of any fees/user charge leviable by it under this Act.

other financial institution.

1. (3) · The conditions subject to which money or loan under sub-section (2) shall be raised or obtained and the time within which the same shall be repayable shall

be subject to the previous sanction of the State Government, or the Director

or the Managing Director.