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State of West Bengal - Section

Section 19 in West Bengal Agricultural Produce Marketing (Regulation) Act, 1972

19. [ Market Committee fund.- (1) All moneys received by a market committee shall be paid into a fund to be called the market committee fund and all expenditure incurred by the market committee under or for the purposes of this Act shall be defrayed out of the said fund.] [Substituted by the West Bengal Agricultural Produce Marketing (Regulation) (Amendment) Act, 1975, section 6.]

(2)Out of the surplus, if any, remaining with the market committee at the close of each market year after meeting all the expenditure incurred for the purposes of this Act during the said year, rupees one thousand shall be credited to the reserve fund of the market committee and out of the excess amount, if any, twenty per cent, shall be paid into the West Bengal State Marketing Board Fund.[ xxx ] [Proviso omitted by the West Bengal Agricultural Produce Marketing (Regulation) (Amendment) Act, 1977, section 9.]