Functions of Market committee

The functions of a market committee shall be,- (i) to maintain and manage the market yard and to control, regulate and run the market in the interest of agriculturist and traders holding licence from the market yard committee; (ii) to regulate and control transactions in the market and to deal with any defaulting licence holder with respect to any notified agricultural produce; (iii) to control and regulate the admission in the markets, to determine the conditions for use of the market and to negotiate and enforce the terms and conditions; (iv) to settle all disputes between the seller and the buyer arising out of any kind of transaction connected with the marketing of notified agricultural produce in the manner prescribed; (v) to bring, prosecute or defend or aid in bringing, prosecuting or defending any suit, action, proceeding, application or arbitration on behalf of the market committee; (vi) to purchase, hire or acquire any land or other movable or immovable property for the purpose of its business, to raise fund from the State Government, or to enter into arrangement with local or other authority with the approval of the Board for the said purpose; (vii) to levy and recover market charges, fee on agricultural, horticultural, animal husbandry and forest produces and to impose fines and penalties with the approval of the State Government; (viii) to do such other things as may be required for the purpose of achieving the objects and purposes of this Act and the rules and bye-laws made thereunder.