Provided that a person shall not be deemed to acquire or attempt to acquire or continue to have or stipulate for or agree to receive any share or interest in any contract or employment by reason only of his—
(a) having acquired any interest before he became a member or office-bearer;
(b) having a share in a point stock company which makes the contract; and
(c) having a share or interest in the occasional sale through the Samiti concerned of an article in which he regularly trades up to a value not exceeding Rs. 50 in any one year.
(2) No Court or other authority shall enforce at the instance of any person a claim based upon a transaction in contravention of the provisions of sub-section (1)]
Source footnotes
3. Added by Schedule VIII (II) of U.P. Act no. 33 of 1961.4. Substituted by sec. 8 of U.P. Act No. 37 of 1978.
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Section 1 · Short title, extent and commencementSection 2 · DefinitionsSection 3 · Gram SabhaSection 4 · DeletedSection 5 · Membership of Gram SabhaSection 5A · Disqualification of membershipSection 5B · Qualification for holding office of PradhanSection 6 · Cessation of membershipIndia Code, Government of India. Text fetched 17 Oct 2026. Source metadata reports last modification: 2025-12-11. Check the linked official text and subsequent notifications when applying a provision.