32ADeclaration of assets.

¹[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 ²[³[Central Government]], of all the assets owned by him and members of his family and. such declaration shall form part of the records of ⁴[⁵[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.