(a) include any area in, or exclude any area from, any notified area or any notified market area;
(b) divide any notified area into two or more separate notified areas;
(c) amalgamate two or more notified areas into one notified area;
(d) Declare that regulating the marketing of any notified agricultural produce in any notified market area shall cease or that the marketing or any agricultural produce hitherto not regulated shall be regulated in any notified market area:
Provided that the power conferred by this section shall, in relation to any notified area or agricultural produce, be subject to the provisions of section 3.
(2) When the limits of the notified area for which a market committee is established are altered under sub-section (1) the following consequences shall, with effect on and from such date as may be specified in the notification, ensue, namely :-
(a) the market committee shall stand dissolved and its members shall vacate their offices as such members;
(b) a new market committee shall be established and constituted for the new notified area in accordance with the provisions of section 5 and section 10;
(c) the licence, if any, granted by the dissolved market committee shall be deemed to have been granted by the new market committee having jurisdiction and continue to have effect accordingly for the remaining of the period for which it was granted;
(d) there shall be transferred to the new market committee such portion of the dissolved market committee’s funds and other assets, debts. and obligations as the Government may, by order, direct and the rights and liabilities of the dissolved market committee in respect of civil and criminal proceedings, contracts, agreements and every other matter or thing arising in, or relating to, any part of the notified area within the jurisdiction of new market committee, shall vest in the new market committee.