law: The Delhi Municipal Corporation Act, 1957
  462. Punishment for acquiring share or interest in contract, etc., with the Corporation.-
  4[Any councillor or any person referred to in clause (b) of sub-section (3) of section 3 of any committee of the Corporation] who knowingly acquires, directly or indirectly, any share or interest in any contract made with, or any work done for, the Corporation not being a share or interest such as under section 9 it is permissible for a councillor to have without being thereby disqualified for being a councillor 5***, and the Commissioner, 6*** 7*** or any municipal officer or other municipal employee who knowingly acquires, directly or indirectly, any share or interest in any contract made with, or any work done for, the Corporation not being a share or interest such as under clause (i) of sub-section (1) of section 9 or subclauses (ii) and (iii) of clause (c) of sub-section (2) of that section it is permissible for a councillor 5*** to have, without being thereby disqualified for being a councillor 5***, shall be deemed to have committed the offence made punishable under section 168of the Indian Penal Code (45 of 1860).
  4. Subs. by Act 67 of 1993, s. 112, for certain words (w.e.f. 1-10-1993).
  5. The words "or an alderman" omitted by s. 112, ibid. (w.e.f. 1-10-1993).
  6. The words and brackets "the General Manager (Electricity)" omitted by s. 112, ibid. (w.e.f. 1-10-1993).
  7. The words and brackets "the General Manager (Transport)" omitted by Act 71 of 1971, s. 7(b) and the Second Schedule (w.e.f. 3-11-1971).