The functions of a market committee shall as follows-
(i) to maintain and manage the market yard and to control, regulate, and run the market in the interest of the agriculturists and traders holding licence from the market 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 settle, mediate or arbitrate in all matters of claims, difference or disputes between the licensees, agriculturists or between licensees and agriculturists making use of the market;
(iv) to control and regulate the admission to the market, to determine the conditions for the user of the market, to determine the conditions for the use of the market and to prosecute and confiscate the goods belonging to persons trading without a valid licence;
(v) to bring prosecute or defend or aid in bringing, prosecuting or defending any suit, action, proceedings application or arbitration, on behalf of the market committee or otherwise as directed by the State Government;
(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 Government, or otherwise with the approval of the board and for the said purpose to enter into arrangement with the Government, local authority or otherwise;
(vii) to levy and recover marker charges, fees on agricultural produce, licence, and other fees and to impose fines and penalties; and
(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 framed thereunder.