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State of Karnataka - Section

Section 71 in Karnataka Agricultural Produce Marketing Act 1966

71. [ Power to write off irrecoverable amount. [Substituted by Act 16 of 1991 w.e.f.1.8.1991]

- A market committee may write off any amount (other than market fee) whatsoever due to it whether under a contract or otherwise or any amount payable in connection therewith if in its opinion such amount is irrecoverable:Provided that the market committee shall before writing off any such amount obtain the sanction of,-
(i)the Director of Agricultural Marketing if the amount exceeds five hundred rupees but does not exceed five thousand rupees;
(ii)the State Government if the amount exceeds five thousand rupees;]