State Act

THE UTTAR PRADESH MUNICIPAL CORPORATION ACT, 1959

463- A member or Nagar Pramukh of a [Corporation]1 who, otherwise than with the permission in writing of the Prescribed Authority, knowingly acquires or continues to have, directly or indirectly, by himself or his partner, any share or interest in any contract or employment; with by, or on behalf of the [Corporation]1, shall be deemed to have committed an offence under section l68 of the Indian Penal Code: Provided that a person shall not be deemed for the purposes of this section to acquire, or continue to have, any share or interest in a contract or employment by reason only of his- (a) having a share or interest in any lease, sale or purchase of land or buildings or in any agreement for the same, provided that such share or interest was acquired before he became a member or Nagar Pramukh, or (b) having a share in a joint stock company which shall contract with, or be employed by, or on behalf of, the [Corporation],1 or (c) having a share or interest in a newspaper in which an advertisement relating to the affairs of the [Corporation]1 is inserted, or (d) holding a debenture or otherwise being interested in a loan raised by, or on behalf of, the [Corporation]1, or (e) being retained by the [Corporation]1 as a legal practitioner, or (f) having a share or interest in the occasional, sale of an articlein which he regularly trades to the [Corporation]1 to a value not exceeding, in anyone year, such amount as the [Corporation]1, with the sanction of the State Government, fixes in this behalf, or (g) being a party to an agreement made with the [Corporation]1 for the supply of water for charges.