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.