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[Cites 0, Cited by 0] [Section 39] [Entire Act]

State of Maharashtra - Subsection

Section 39(1) in The Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983

(1)The Market Fund may be expanded for the following purposes, namely :-
(a)acquisition of the site or sites for the market;
(b)maintenance, development and improvement of the market;
(c)construction of, and repair to, the buildings necessary for the purposes of such market and for the health and safety of persons using it;
(d)providing common services, amenities and facilities for persons using the market;
(e)pay, pension, leave and other allowances, gratuities, compensations for injuries resulting from accidents, compassionate allowance and contributions towards leave allowances, pensions and provident fund of the officers and servants employed by the committee;
(f)payment of allowances and travelling expenses to the members of the committee, standing committee and sub-committee;
(g)payment of an honorarium to the Chairman and Vice-Chairman;
(h)payment of interest on loan if any, raised by the committee and the provision for sinking fund for such loan;
(i)collection and dissemination of information in respect of production, sale, purchase, storage, processing, prices and movement of commodities;
(j)cost of audit, if any, incurred under section 42;
(k)carrying out other functions laid down by or under this Act;
(l)for any other purpose, with the previous approval of the State Government.