CourtMesh

Section 14: Market Committee Fund.

The Telangana (Agricultural Produce and Livestock) Markets Act, 1966.State Act of Telangana · Act 16 of 1966

(1) All moneys received by a market committee shall be paid into a fund to be called "the Market Committee Fund" and the said Fund shall be deposited, in a single banking account with the nearest Government treasury, or with the sanction of the Government, in a Bank. 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 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 in the ratified area for giving effect to the provisions of this Act.

(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 the Government think fit. The decision of the Government in determining the amount payable by any market committee shall be final.

(3) A market committee may grant loans to another market committee out of its surplus funds and [with the previous sanction of the Director of Marketing upto such amount and on such rates of interest as may be prescribed by the Government from time to time].

Where this provision sits

ActThe Telangana (Agricultural Produce and Livestock) Markets Act, 1966.
Section14
Marginal noteMarket Committee Fund.
JurisdictionState of Telangana
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.

  • substituted, Act No.25 of 2005. . Substituted by Act No.25 of 2005.

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Telangana (Agricultural Produce and Livestock) Markets Act, 1966. is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.