Division of Market area into two or more separate market areas

(1) Subject to the procedure specified in Section 3 and 4 the State Government may divide a market area into two or more separate market areas. (2) When during the term of a Market Committee, the market area for which it is established is divided into two more separate areas, the following consequences shall ensure: (a) the Market Committee constituted for the market area under this Act shall be deemed to have been dissolved and the State Government shall constitute separate Market Committee under Section 13 for each of the separate market area subject to such condition as may be prescribed : (b) the term of office of the newly constituted Committee shall he the same as is applicable to the first Market Committee under sub-section (1) of Section 13; (c) the assets, rights and liabilities of the dissolved Market Committee shall be distributed by the State Government between the new market committee in accordance with such rule as may be prescribed; (d) any appointment notification, notice, fee, order, scheme, licence, permission, by-law or form made, issued or imposed by the Market Committee which has been dissolved, in respect of any part of the area subject to the authority of the new Market Committee shall be deemed to have been made, issued or imposed by such Market Committee concerned unless and until it is superseded by any notification, notice, fee, order, scheme, licence, permission, rule, bye-law or form made, issued or imposed by it. (3) If any difficulties arise in giving effect to the provisions of this Section, toe State Government may by order published in the official gazette as the occasion may require, do anything which appear to it to be necessary to remove the difficulty.