Leave of absence to Chairperson and Vice-Chairperson and consequences of absence without leave

(1) Subject to the Rules made in this behalf. every Chairperson and every Vice- Chairperson officiating as Chairperson,, who absents himself from three consecutive meetings of the committee. without leave of the MD, shall cease to he the Chairperson on and from the date on which the third meeting is held. (2) Suiect to the provisions of sub-section (1), every Vice-Chairperson, who absents himself from three consecutive meetings of the committee, without leave of the Chairperson, shall cease to be the Vice-Chairperson on and from the date on which the third meeting is held, (3) Leave under sub-section (1) or (2) shall not he granted for six consecutive meetings of the Market Committee. Whenever such leave in extreme exigencies as prescribed is granted to the Chairperson on Vice-Chairperson, the MD shall appoint from amongst the eligible members of the Market Committee to discharge the duties and functions as Chairperson and Vice- Chairperson of the Market Committee. as may he prescribed.