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State of Jammu-Kashmir - Section

Section 68 in Jammu and Kashmir Municipal Corporation Act, 2000

68. Officers and other employees not to be interested in any contract etc. with Corporation.

(1)A person shall be disqualified for being appointing in the Corporation if he has, directly or indirectly, by himself or by a partner or any other person, any share or interest in any contract, made with, or any work, being done for the Corporation, other than as an employee.
(2)If any such officer or employee acquires, directly or indirectly, by himself or by a partner or any other person, any share or interest in any such contract or work as is referred to in sub-section (1), he shall, unless authority appointing him in any particular case otherwise, decides, be liable to be removed from his office by an order of such authority:Provided that before an order of removal is made such officer or other employees shall be given a reasonable opportunity of showing against the action proposed to be taken in regard to him.