(1) The Government may, from time to time by notification,
(a) Specify the places at which Cocoon markets, Cocoon stores and Silkyarn market, shall be located.
(b) Appoint a Market Officer, and constitute a Committee consisting of one representative of rearers, and one from the licenced buyers incharge of Charka establishments with the Market Officer as Chairman for regulating the conduct of business in the Cocoon market and for the performance of such functions as may be determined by the Government:
Provided that the Director, or any officer not below the rank of District officer of the Sericulture Department authorised by him in this behalf, shall perform the functions of the Market Officer, until a Market Officer is appointed and of the Committee until a committee is Constituted under this Clause.
(c) Specify the Sericultural areas in the State to be served by cocoon market where silkworm cocoon produced within such areas shall be sold.
(2) All transactions involving the sale or purchase of cocoons in a cocoons market shall be by open auction, the payment of the price shall be in cash and the cocoons shall be sold by weight and in number, as the case may be.
Power of inspection.