Every rule made under this Act shall be laid, as soon as maybe, before the Legislative Assembly which shall have the power to amend or annul any rule by motion adopted in that behalf.

Power to make Bye-laws.

1. (1) Subject to the provisions of this Act and the Rules made thereunder, a Market Committee may. in respect of a principal market yard and sub-market yard under its management, make Bye-laws for—
   • (i) the regulation of business of the Market Committee: 15, May, 2020 The Nagaland Gazette, Part- V
   • (ii) the condition of trading in a principal market yard and sub-market yard; (iii) delegation of powers. duties and functions to the officers and servants, appointment. pay, punishment, pensions, gratuities, leave, leave allowances. contributions by them to any provident Fund which may be established for the benefit of such officers and servants and other conditions of service; (iv) the delegation of powers, duties and functions to a sub-committee, if any; (v) market functionaries, other than traders, who shall be required to take licence; (vi) enabling and regulating provisions relating to c-trading and activities, and services incidental thereto; (vii) any other matters for which Bye-laws are to be made under this Act Or it may be necessary to frame Byelaws for cffectivly implementing the provisions of this Act and the Rules made thereunder. (2) No Bye-laws under sub-section (1) shall take effect until it has been confirmed by the Managing Director. (3) In making any Bye-laws. the Market Committee may direct that a breach thereof shall be punishable with fine which may extend to two thousand rupees and where the breach is a continuing one with further fine which may extend to two hundred rupee lr everyday after first during which the breach is provided to have been persisted in. The Nagaland Gazette, Part-V 15, May, 2020