(1) The Chairman, Vice-Chairman and every member of a market committee shall be liable for the loss, waste or misapplication of any money or other property belonging to the market committee if such loss, waste or misapplication is a direct consequence of his negligence or misconduct and a suit for compensation may be instituted against him in a court of competent jurisdiction by the market committee with the previous sanction of the Director of Marketing.
(2) Every such suit shall be commenced within three years from the date on which the cause of action arose.
(2) Every such suit shall be commenced within three years from the date on which the cause of action arose.
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Next · Section 20Member not to be liable personally in respect of a contract or agreement made by or on behalf of the market committee. →All sections / सभी धाराएँThe Telangana (Agricultural Produce and Livestock) Markets Act, 1966. →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Declaration of notified area.Section 4 · Constitution of a market committee and declaration of notified market area.Section 5 · Composition of market committee.Section 5A · Constitution of market committee for Special Markets.Section 6 · Reconstitution of the market committee.Section 6A · Power of Government or the Director of Marketing to suspend the Chairman of the Market Committee.India Code, Government of India. Text fetched 12 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.