section 48
Mode of making contract
The Meghalaya State Agricultural Produce and Livestock Marketing (Promotion and Facilitation) (Amendment) Act, 2022General2022140 sections12 chapters
Chapter IV CONDUCT OF BUSINESS AND POWERS AND DUTIES OF CHAIRMAN, SECRETARY AND MARKET COMMITTEE
Statutory text
- (1) Every contractor agreement entered into by a Market Committee, for the purchase, sale, lease, mortgage or other transfer of, or acquisition of interest in immovable property shall, in writing, be executed on behalf of Market Committee jointly by its Chairman and the Secretary, with the sanction of the Market Committee, as may be prescribed.
- (2) No contract other than a contract executed as provided in sub-section (1) shall be valid and binding on the Market Committee.
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