The Board shall be a body corporate having perpetual succession and common seal and may sue and be sued in its corporate name and shall be competent to acquire and hold property both moveable and immovable and to lease, sell or otherwise transfer any such property, to contract and to do all other things necessary for the purpose for which it is established.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Notification of intention of regulating marketing of specified agricultural produce and livestock.Section 4 · Declaration of whole State as one unified market area.Section 5 · Notification of delineated market area.Section 6 · Alteration or Amalgamation of delineated market area and of items of agricultural produce and livestock.Section 7 · Principal market yard, sub‐market yard, market sub‐yard, private market yard, private market sub‐ yard, farmer‐consumer market yard, private farmer‐consumer market and electronic trading platform.Section 8 · Establishment and notification of “Special Commodity Market Yard”.India Code, Government of India. Text fetched 14 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.