Section 127(2)(b) in Uttar Pradesh Municipal Corporation Act, 1959
(b)the sanction of the Executive Committee shall be required -(i)for the compulsory acquisition of any property,(ii)for the exchange of any immovable property,(iii)for the taking of any property on lease for a term exceeding twelve months, or(iv)for the acceptance of any gift or bequest of property burdened by an obligation, and