(1) No person who has directly or indirectly by himself or his partner any share or interest in a contract with, by or on behalf of a1[Board], or in any employment under, by or on behalf a1[Board], otherwise than as a servant of the1[Board], shall become or remain a servant of such1[Board].
(2) A servant of a1[Board] who knowingly acquires or continues to have directly or indirectly by himself or his partner any share or interest in a contract with, by or on behalf of the1[Board] or, in any employment under, by or on behalf of, the1[Board], otherwise than as a servant of the1[Board], shall be deemed to have committed an offence under section 168 of the Indian Penal Code (45 of 1860).
(3) Nothing in this section shall apply to any share or interest in any contract with, by or on behalf of, or employment under, by or on behalf of a1[Board] if the same is a share in a company contracting with, or employed by, or on behalf of, the1[Board], or is a share or interest acquired or retained with the permission of the2[Officer Commanding-in-Chief, the Command] in any lease or sale to, or purchase by, the1[Board] of land or buildings or in any agreement for the same.
3[(4) Every person applying for employment as a servant of a Board shall, if he is related by blood or marriage to any member of the Board or to any person, not being a [lower grade employee], in receipt of remuneration from the Board, notify the fact and the nature of such relationship to the appointing authority before the appointment is made, and if he has failed to do so, his appointment shall be invalid but without prejudice to the validity of anything previously done by him.]
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1. Substituted by Act 24 of 1936, section 69, for "Cantonment Authority".
2. Substituted by Act 35 of 1926, section 2, for "Officer Commanding the District,".
3. Inserted by Act 24 of 1936, section 13.