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Section 39

The Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996State Act of Tamil Nadu · Act 24 of 1996

(1) Any oricer, servant or member (including the Chairman and of ofticera, Chairman) of the market committee shall lurnish such information in his possession servants or in regard to the anairs or proceedings of the market committee, as the local authority members to or any officer authorised by it or, as the case may be, any officcr authorised by the i'$t&hatiooto Government, may require hini so to do. local authority.

(2) An officer holding an enquiry into the afiairs of the market committee or examining the proceedings under section 38 shall have the same powers as are ACI v of vested in a civil court under the Code of Civil Procedure, 1908 when trying a suit in respect of the following matters, namely :-

(u) discovery and inspection ;

(6) enforcing the attendance of any person and examining him on oath ;

(,:) compelling the pr~duction of books of account and] other docu- I ments; and ( 6 1 ) issuing commissions.

40. Where the Ioccll authority or any officer authorised by it hasreason to believe s,j,,,, ofawounk that thc books .tnd records of t5e market comlnittee are likely to be tampered with, books and othei or destroyed or the funds or prol~eriy of the market comm~ttei: art: llkely to be mis- documents.

appropliated, the local authority or an officer authorised by i t may seize and take possession of such books and records, funds and property cf the market committee, and the officers, servants cr ineinbers (including the Chirman and Vice-Chairman) of the market committee respot~sible for the custody of such books, records, funds and property shall give delivery thereof to the local authority or the officer so autho- I

41. ~ h c Government m.ly," either on their own motion or on tne reconl- S,,-iOn of lne l&lion of thc local a ~ t h o r i l \ ~ , by ordcr, s 1 1 l ) c l ~ ~ d ~ Lhc markel commlltee, i f In market commirka the opinion of the Government, it is not competent to perform or persistenlly makes default in performing the duties i~nposed on it by law or exceeds or abuses its power* or , f In their opinion the financial stability of the mark1:t committee is threatened :

Provided that no such order shall be made by the Government without giving *arket committee an opportunity of being heard

Where this provision sits

ActThe Tamil Nadu Specified Commodities Markets (Regulation of Location) Act, 1996
Section39
JurisdictionState of Tamil Nadu
StatusIn force as published by the source

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