State Act
Section 86. Municipal officer or servant not to be interested in any contract with the corporation.
The Mumbai Municipal Corporation Act.
86. Municipal officer or servant not to be interested in any 9[contract] with the corporation.— (1) Any person who has, directly or indirectly, by himself or his partner any share or interest in any contract with, by, or on behalf of the corporation, 10[* * * * *] shall be disqualified for being a municipal officer or servant. (2) Any municipal officer or servant who shall acquire, directly or indirectly, by himself or his partner, any share or interest in any such contract 11[* * * *] as aforesaid shall cease to be a municipal officer or servant and his office shall become vacant. (3) Nothing in this section shall apply to any such share or interest in any contract 12[* * * *] with, by or on behalf of the corporation as under clauses (h) and (k) of section 16, it is permissible for a councillor to have, without his being thereby disqualified for being a councillor.