Public Works Department of the state Government or Board or any other agency authorized by the state Government for this purpose.

1. (1) Save as provided in sub-section (2) all moneys received by a Market Committee shall be paid into a fund to be called The Market Committee Fund" and all expenditure incurred by the Market Committee under or for the purposes of this Act shall be defrayed out of the said fund. Any surplus remaining with the Market Committee after such expenditure has been met, shall be invested in such manner as may be prescribed.
2. (2) Any money received by the Market Committee by way of arbitration fee or as

money received by the Market Committee may be provided in the Rules or Bye-

laws made under this Act, shall not form part of Market Committee Fund, and ,

shall be kept in such manner as may be prescribed.

1. (3) Save as otherwise provided in this Act, the amount to the credit of the Market Committee Fund and also other money received by the Market Committee shall be

kept in a Scheduled nationalized commercial banks or in post office saving bank

or in any other mode with the approval of the Managing Director.