TNAPM Act 63अध्याय IV · Miscellaneous

धारा 63 · Liability of President, Vice-President, Chairman, Vice-Chairman and member for loss, waste or mis-application

(1)

The President, Vice-President and every member of the Board and Chairman, Vice-Chairman and every member of a market committee shall be liable for the loss, waste or mis-application of any money or other property owned by, or vested in, the Board or, as the case may be, in a market committee if such loss, waste or mis-application is a direct consequence of his neglect or misconduct; and a suit for compensation may be instituted against him in any Court of competent jurisdiction by the Director.

(2)

Every such suit shall be instituted within three years after the dale on which the cause of action arose.

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