State Act
Section 385. Penalty for acquisition by an officer or servant of interest in contract work
THE ODISHA MUNICIPAL ACT, 1950
385. Penalty for acquisition by an officer or servant of interest in contract work :– If any officer or servant of a municipality knowingly acquires, directly or indirectly by himself or by a partner or employer or servant, any personal share or interest in any contract or employment with, by or on behalf of the municipality, he shall be deemed to have committed an offence under Section 168 of the Indian Penal Code (XLV of 1860): Provided that no person shall, by reason of being a share holder in or member of any registered Joint Stock Company or Co-operative Society constituted under the laws for the time being in force be held to be interested in any contract entered into between such company and the municipality unless he is a Director of such company; Provided further that nothing in this section shall apply to a teacher, employed by a municipality who with the sanction of the State Government enters into a contract with the municipality with regard to the utilisation, for the purpose of a school of any land or building owned by him or in which he has a share or interest.