Establishment of Market Committee and its Incorporation. (1) For every market area, there shall be a

1. ׊ØÂý¼ðàæ ¥çÏçÙØ× ·ý¤. 24 âÙ÷ 1986 mæÚUæ (ç¼Ù梷¤ 21-7-1986 âð) ÂýçÌSÍæçÂÌÐ 2. ׊ØÂý¼ðàæ ¥çÏçÙØ× ·ý¤. 18 âÙ÷ 1979 mæÚUæ (ç¼Ù梷¤ 7-6-1979 âð) ¥‹ÌÑSÍæçÂÌÐ 3. ÀU.». ÚæÁ˜æ çÎÙæ´·¤ 8 קüU 2015 mæÚUæ ¥‹ÌÑSÍæçÂÌÐ

1. (3) ̈â×Ø Âýßë•æ ç·¤âè Öè ¥çÏçÙØç×çÌ ×ð´ ¥‹ÌçßücÅU ç·¤âè Öè ÕæÌ ·ð¤ ãUôÌð ãéU° Öè, ÂýˆØ𷤠ׇÇUè âç×çÌ â×SÌ ÂýØôÁÙô´ ·ð¤ çÜ° SÍæÙèØ ÂýæçÏ·¤æÚUè â×Ûæè ÁæØð»èÐ Market Committe having jurisdiction over the entire market area.
2. (2) 1[Every Market Committee shall be a body corporate by the name specified In the notification under section 4]. It shall have perpetual succession and a common seal and may sue and be sued in its corporate name and shall subject to such restrictions as are imposed by or under this Act, be competent to contract and to acquire, hold, lease, sell or otherwise transfer any property and to do all other things necessary for the purposes of this Act : Provided that no immovable property shall be acuired, transferred by way of sale, lease or otherwise without the prior permission of the Managing Director in writing.
3. (3) Notwithstanding anything contained in any enactment for the time being in force, every Market Committee shall, for all purposes, be deemed to be a local authority. 1. ׊ØÂý¼ðàæ ¥çÏçÙØ× ·ý¤. 18 âÙ÷ 1979 mæÚUæ (ç¼Ù梷¤ 71-6-1979 âð) ÂýçÌSÍæçÂÌÐ