1[(1) No member or office-bearer of a 2[Gram Panchayat] or Bhumi Prabandhak Samiti shall, otherwise than with the permission in writing of the Collector, etc. knowingly acquire or attempt to acquire or stipulate for or agree to receive or continue to have himself or through a partner or otherwise any share or interest in any licence, lease, sale, exchange, contract or employment with, by or on behalf of the Samiti concerned :
Provided that a person shall not be deemed to acquire or attempt to acquire or continue to have or stipulate for or agree to receive any share or interest in any contract or employment by reason only of his—
(a) having acquired any interest before he became a member or office-bearer;
(b) having a share in a point stock company which makes the contract; and
(c) having a share or interest in the occasional sale through the Samiti concerned of an article in which he regularly trades up to a value not exceeding Rs. 50 in any one year.
(2) No Court or other authority shall enforce at the instance of any person a claim based upon a transaction in contravention of the provisions of sub-section (1)]
Footnotes in the official text
- 1.Added by Schedule VIII (II) of U.P. Act no. 33 of 1961.
- 2.Substituted by sec. 8 of U.P. Act No. 37 of 1978.