Acquisition of lands.- (1) If at any time after a notification is issued under section

4, the market committee

1[or the Board] or the State Government is of opinion that any land is needed for the purposes of this Act, the State Government may, proceed to acquire it under the provisions of the Land Acquisition Act, 1894:

Provided that once a proposal is made by the market committee

not be withdrawn by it except for such reasons as may be approved by the State Government:

2[Provided further that if the local authority concerned is unable to provide land or other facilities for establishment or development of rural shandies, the State Government may acquire land for that purpose.]

1. (2) When such land vests in the State Government, it shall be transferred by the State Government to the market committee 1[or the Board]

on payment by the market committee

1[or the Board]

of the compensation awarded under the Land Acquisition Act, 1894, within such period and in such manner as the State Government may, by general or special order, determine, and on such transfer, the land shall vest in the market committee

¹ Inserted by Act 35 of 1986 w.e.f.17.6.1986.

² Inserted by Act 16 of 1991 w.e.f.1.8.1991.

1[or the Board] .