(1) Every member of market committee shall hold office for a period of three years commencing from the date of the first meeting of the market committee.
(2) The State Government may, by notification for sufficient cause to be stated therein, direct from time to time that the term of office of the members of a market committee be extended by such period not exceeding one year as may be specified in the notification.
(3) A member nominated under clauses (i), (ii), (iii) or (vi) of Section 14 shall cease to hold office, if he ceases to be a member of the category of persons from which he was nominated.
(4) A member shall also cease to hold office if here signs his membership and the same is accepted by the market committee or if he is removed by the State Government.
(5) Whenever any vacancy occurs in membership for any of the reasons aforesaid, the said vacancy shall be filled in the same manner and such member shall hold office for the unexpired term of the member in whose place he is nominated.
(6) Notwithstanding any vacancy the market committee shall be competent to exercise its powers and perform its duties and none of its action shall be questioned merely on the ground of the existence of any vacancy or any defect in the constitution of the committee.