Vidhi Codex

The Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983

The Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983

General198376 sections11 chapters

The Mumbai Metropolitan Region Specified Commodities Markets Act, 1983, regulates the location and operation of wholesale trade in specified goods like textiles, iron, and steel within the Mumbai metropolitan area. It applies to wholesale traders of these commodities and local municipal authorities. The law matters because it aims to reduce congestion and organize trade by restricting wholesale activities to designated market yards managed by specially constituted market committees. Traders must register and obtain licenses to operate, while the government relocates businesses by providing alternative trading facilities, ensuring structured urban development and orderly commerce in major wholesale sectors.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title, extent, commencement and application.
  2. 2Definitions.

Chapter II DECLARATION OF MARKET AREA AND MARKET YARDS AND PROHIBITION OF CARRYING TRADE AT UNAUTHORISED PLACES →

  1. 3Declaration of market area and market yards.
  2. 4Constitution of first market committee.
  3. 5Registration of persons lawfully engaged in specified trade.
  4. 6Market committee to provide alternative trading facilities to registered persons in market yards.
  5. 7Prohibition on carrying on specified trade in any market area of market yard without a licence.

Chapter III CONSTITUTION OF MARKET COMMITTEES →

  1. 8Establishment of market committees.
  2. 9Constitution of market committee.
  3. 10Regulations of holding elections of members.
  4. 11Publication of names of members.
  5. 12Disputes in respect of election or nomination of members including Chairman and Vice-Chairman.
  6. 13Term of office of members of committee.
  7. 14Resignation of members.
  8. 15Removal of members.
  9. 16Casual vacancies.
  10. 17Members to vacate office on expiry of term and appointment of administrator.
  11. 18Election of Chairman and Vice-Chairman.
  12. 19Term of office of Chairman and Vice-Chairman.
  13. 20Honorarium to Chairman and Vice-Chairman.
  14. 21Election to Chairman and Vice-Chairman.
  15. 22Registration of Chairman and Vice-Chairman.
  16. 23Removal of Chairman and Vice-Chairman.
  17. 24Casual vacancies in office of Chairman and Vice-Chairman.
  18. 25Chairman and Vice-Chairman to hand over charge of their respective offices and consequences of refusal to hand over charge.
  19. 26Constitution of standing committee.
  20. 27Appointment of sub-committee.
  21. 28Powers, functions, etc. of the standing committee and sub-committee.
  22. 29Delegation of powers of committee to standing committee or sub-committee.
  23. 30Meetings and conduct of business at meetings.
  24. 31Members to act during vacancy, acts of committee etc., not to be invalidated by informalities.

Chapter IV POWERS AND DUTIES OF MARKET COMMITTEE →

  1. 32Powers and duties of committee.
  2. 33Grant of licence to be regulated by by-laws.
  3. 34Power of committee to levy fees.
  4. 35Provision regarding transfer of immovable property of committee.
  5. 36Transfer of immovable property of committee by the licensee.
  6. 37Execution of contracts.

Chapter V MARKET FUND, FINANCE, ACCOUNTS AND AUDIT ETC. →

  1. 38Market Fund, its custody and investment.
  2. 39Purposes for which Market Fund to be expended.
  3. 40Constitution of special funds.
  4. 41Power to borrow.
  5. 42Accounts and Audit.
  6. 43Budget.
  7. 44Re-appropriation of budget provisions.
  8. 45Application of property, funds, etc.
  9. 46Annual report.

Chapter VI ACQUISITION OF LAND →

  1. 47Application of the provisions of Chapter VIII of Mah. IV of 1975.

Chapter VII OFFICERS AND SERVANTS OF A MARKET COMMITTEE →

  1. 48Appointment of Chief Executive Officer.
  2. 49Powers and duties of the Chief Executive Officer.
  3. 50Appointment of other officers and servants.
  4. 51Conditions of service of officers and servants to be regulated by by-laws.
  5. 52Inspection, enquiry, submission of statements, etc.

Chapter VIII CONTROL →

  1. 53Duty of officer, servant or member to furnish information to Metropolitan Commissioner, etc.
  2. 54Seizure of account books and other documents etc.
  3. 55Supersession of market committee.
  4. 56Appointment of Administrator.
  5. 57Powers of Administrator.
  6. 58Re-establishment of committee.
  7. 59Appeals.
  8. 60Non-appealable orders.
  9. 61Power of State Government to call for record of any case.
  10. 62Finality of order.
  11. 63Bar of jurisdiction.
  12. 64Offences and penalties.
  13. 65Offence by companies.
  14. 66Cognizance and trial of offences.
  15. 67Compounding of offences.
  16. 68Power to make rules.
  17. 69Power of committee to make by-laws.
  18. 70Power of State Government to amend Schedule.
  19. 71Chairman, Vice-Chairman, members, Chief Executive Officer and other officers and servants of committee to be public servants.
  20. 72Protection of action taken in good faith.
  21. 73Recovery of sums due to Government or committee.
  22. 74Power to delegate.
  23. 75Non-applicability of Bom. LVII of 1947.
  24. 76Removal of difficulties.

Chapter IX APPEALS AND REVISION →

    Chapter X RULES AND BY-LAWS →

      Chapter XI MISCELLANEOUS →

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