Resignation by Chairman and Vice Chairman and vacancy in their office

(1) A member holding office of Chairman or Vice-Chairman may resign his office at any time in writing addressed to the Deputy Commissioner and the office shall become vacant on the expiry of fifteen clear days from the date of such resignation, unless within the said period of fifteen days he withdraws the resignation in writing addressed to the Deputy Commissioner. (2) Every Chairman and Vice-Chairman shall vacate office if he ceases to be member of the Market Committee. (3) During the vacancy caused by death, resignation, removal or otherwise and the office of the Vice chairman is also vacant then, notwithstanding anything contained in this Act, such member of the Market Committee as the Deputy Commissioner may appoint shall exercise the powers and perform the functions of the Chairman till the Chairman is duly elected.