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(1) Where a Mandi Committee is dissolved under the proviso to sub-section (2) of section 13, the following consequences shall ensue, namely: (a) all the members of the Mandi Committee and its Chairman and Vice-Chairman shall be deemed to have vacated their respective offices from the date of such dissolution of the Mandi Committee under the said sub-section; (b) all the powers of the Mandi Committee under this Act shall be exercised and all its duties shall be performed by such person as the Managing Director may, by order, appoint in this behalf, subject to the control of the Managing Director, and he shall be known as the Officer-in-charge: Provided that in the event of death, resignation, leave or suspension of the Officer-in-charge, it shall be deemed that a casual vacancy has occurred in such office, and such vacancy shall be filled by the Managing Director as soon as possible by appointing any person to that office, and until such appointment is made, the person nominated by the Collector shall act as the Officer-in-charge; (c) all property vested in the Mandi Committee shall vest in trust in the Officer-in-charge for the purposes of this Act. (2) Any Officer-in-charge appointed under sub-section (1) may be removed at any time by the Managing Director, who shall have the power to appoint any other person in his place. (3) Any person appointed as an Officer-in-charge under sub-section (1) shall receive such salary and allowances for his services, as may be fixed by the Managing Director, from the Mandi Committee fund. (4) From the date fixed for the first general meeting of the reconstituted Mandi Committee, the Officer-in-charge shall cease to hold his office.