Establishment of Market Committee and its incorporation

(1) For every market area, there shall be a Market Committee having jurisdiction over the entire market area : (2) Every Market Committee shall be a body corporate by such names as the State Government may, by notification specify, It shall have perpetual succession and a common seal and may sue and be sued in its corporate name and shall be subject to such restrictions as are imposed by or under this Act, be competent to conduct and to acquire, hold lease, sell or otherwise transfer any property and to do all other things necessary for the purpose for which it is established : Provided that no immovable property shall be acquired or transferred by way of sale, lease or otherwise without the prior permission of the State Government (3) Notwithstanding anything contained in any enactment for time being in force, every market committee shall for all purposes be deemed to be a local authority. (1) Subject to the provisions of this Act and the rules made thereunder, a market committee may in respect of a market area under its management make bye-laws for:- (i) the regulation of business of the market committee; (ii) the conditions of trading in a market; (iii) delegation of powers, duties and function 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 services; (iv) the delegation of powers duties and functions of the sub-committee if any; (v) market functionaries who shall be required to take licence; (vi) any other matters for which bye-laws are to be made under this Act or it may be necessary to frame bye-laws for effectively, implementing provisions of this Act and the rules made in the market area. (2) No bye-laws under sub-section (1) shall take effect until it has been confirmed by the 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 one hundred rupees and where the breach is a continuing one with further fine which may extend to ten rupees for everyday after first during which the breach is proved to have been persisted in. 1. Tobacco - Tambakoo; 2. Opium - Kani