Section 11(4) in Maharashtra Housing and Area Development Act, 1976
(4)A person shall not also be disqualified under clause (d) or (e) of subsection (1) or be deemed to have any share or interest in any incorporated company which has any share or interest in any contract or employment with, by or on behalf of, the Authority, by reason only of his being a shareholder of such company:Provided that, such person discloses to the State Government the nature and extent of the shares held by him.
