Supersession of Market Committee etc.

(1) If, in the opJnion of the State Government, a Market Committee, or any member thereof, is not competent to perform, or persistently makes default in performing the duties imposed on it or him by or under this Act, or abuses its or his power or wilfully disregards any instructions issued by the State Government or any officer duly authorised by it in this behalf and arising out of audit of account of the Market Committee or inspection of the office and works thereof thereby frustrating the purposes or this Act, the State Government may, for reasons to be recorded by it in writing and after giving the Committee or member, as the case may be, an opportunity of tendering an explanation, by notification, supersede such Market Committee, or remove such member, as the case may be ; and where a member is removed the vacancy so caused shall be filled in the same manner, and subject to the same condition in regard to term of office, as provided in section 14. (2) Upon the publication of a notification under sub-section (I) superseding a Market Committee the following consequences shall ensure, that is to say - (a) all members of the Market Committee shall, from the date of such publication, be deemed to have vacated their office. (b) all the assets of the Committee shall vest in the State Government ; (c) the State Government may, by order, either constitute a new Market-Committee in accordance with the provisions contrained in Chapter I1 or make such other arrangement for carrying out the functions of the Market Committee as it thinks fit.