Section 32A. Declaration of assets

5[ 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[6] [[7] [Central Government]], of all the assets owned by him and members of his family and. such declaration shall form part of the records of[3] [[4] [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.