Section 32A: Declaration of assets.

(1) Every councillor shall, not later than thirty days after making and subscribing the oath or affirmation under sub-section (1) of section 32 and before the last day of the same month in each succeeding year, file with the Mayor a declaration in such form as may be prescribed by rules by the Central Government, of all the assets owned by him and members of his family and. such declaration shall form part of the records of the Corporation.

Explanation—For the purposes of this sub-section, “family” means the spouse and dependant children of the councillor.

(2) A person shall be disqualified for being a councillor—

(a) if he fails to file a declaration referred to in sub-section (1); or

(b) if he files a declaration under that sub-section which is either false or which he knows or believes to be false.