(1) All moneys received by a market committee shall be paid into a fund called the "Market Committee Fund" (hereinafter referred to as the Fund) and all expenditure incurred by the market committee under or for the purposes of this Act shall be defrayed out of the said Fund; and any surplus remaining after such expenditure has been met, shall be invested in such manner as may be prescribed.
(2) (a) Every market committee shall, out of its Fund, pay to the Government the cost of any special or additional staff, employed by the Government in consultation with the market committee for giving effect to the provisions of this Act in the notified area to which the market committee was established.
(b) The Government shall determine the cost of such special or additional staff and shall, where the staff is employed for the purposes of more than one market committee, apportion such cost among the market committees concerned in such manner as it thinks fit.
* Now, Sections 457, 458 and 459 of the Code of Criminal Procedure, 1973 (Central Act 2 of 1974).
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(3) The decision of the Government determining the amount payable by any market committee shall be final.
Purposes for which the Fund may be expended.
21. Subject to the provisions of section 20, the Fund shall be expended for the following purposes only, namely: -
(i) the acquisition of site or sites for the market;
(ii) the maintenance and improvement of the market;
(iii) the construction and repair of buildings which are necessary for the purposes of such market and for the health, convemence and safety of the persons using it;
(iv) the provision and maintenance of standard weight and measures;
(v) the pay, pension, leave allowances, gratuities, compassionate allowances and contributions towards leave allowances, pension or provident fund of the officers and servants employed by the market committee:
(vi) the payment of interest on loans that may be raised for purposes of the market and the provision of a sinking fund in respect of such loans;
(vii) the collection and dissemination of information regarding all matters relating to statistics and marketing in respect of the notified agricultural produce;
(viii) schemes for the extension or cultural improvement of the notified agricultural produce within the notified area, including the grant, subject to the approval of the Government, of financial aid to schemes for such extension or improvement within such area, undertaken by other bodies or individuals;
(ix) schemes for grading of agricultural produce;
(x) the expenses in regard to elections to the market committee and matters incidental thereto;
(xi) the measures to be taken for the preservation of any agricultural produce;
(xii) such other purposes as may be authorised by the Director or the Government in this behalf by general or special order.
No trade allowance permissible except as prescribed by rules or bye-laws.
22. No trade allowance other than an allowance prescribed by the rules or bye-laws made under this Act shall be made or received in a notified area by any person in any transaction in respect of the notified agricultural produce concerned and no civil court shall, in any suit or proceeding arising out of any such transaction, have regard to any trade allowance not so prescribed.
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Explanation: - Every deduction, other than a deduction on account of deviation from sample, when the purchase is made by sample, or of deviation from standard when the purchase is made by reference to a known standard, or on account of difference between the actual weight of the sacking and the standard weight or on account of the admixture of foreign matter, shall be regarded as a trade allowance for the purposes of this Act.
Power to borrow.