The Mumbai Metropolitan Region Specified Commodities Markets (Regulation of Location) Act, 1983
Section 26. Constitution of standing committee.
For every market committee, there shall be a standing committee, which shall consist of-
(i) the Chairman of the committee, who shall also be the Chairman of the Standing Committee ;
(ii) the Chief Executive Officer ; and
(iii) three other members to be elected by the committee, from amongst its members.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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