Section 36(1)(i) in The M.P. Panchayat Raj Avam Gram Swaraj Adhiniyam, 1993
(i)having share in any joint stock company or a share or interest in any Association registered under the Madhya Pradesh Society Registrikaran Adhiniyam, 1973 (No. 44 of 1973) or in any Co-operative Society which shall contract with or be employed by or on behalf of the Panchayat; or