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Section 20: Power to borrow

The Rajasthan Agricultural Produce Markets Act, 1961State Act of Rajasthan · Act 38 of 1961

(1) A market committee may with the previous sanction of the State Government, raise money required for carrying out the purposes for which it is established on the security of any property vested in it and of any (xxx) fees Leviable by it under this Act.

(2) The market committee may, for the purpose of meeting the expenditure on lands, buildings and equipments required for establishing the market or for carrying out the purposes and provisions of the Act and Rules or bye-laws made thereunder, obtain a loan from the State Government.

(3) The conditions subject to which such money or loan shall be raised or obtained and the time within which the same shall be repayable, shall be subject to the previous sanction of the State Government.

Where this provision sits

ActThe Rajasthan Agricultural Produce Markets Act, 1961
Section20
Marginal notePower to borrow
JurisdictionState of Rajasthan
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • other, No 3 of 2019. Ordiance No 3 of 2019 published in the Rajasthan Gazette, Part IV-A Extra ordinary, dated 16.12.19
  • omitted, Rajasthan Act No 16 of 1965. Omitted by Rajasthan Act No 16 of 1965 Pub. in Rajasthan Gaz. Part IVA extra ordinary dt 19.10.1965
  • other. Raj. Act No 15A of 1973 published in the Rajasthan Gazette, Part IV-A Extra ordinary, dated 14.7.1973

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