Amendment status not verified — confirm the current text below against the official source.
Provisions governing disposal of municipal property.— With respect to the disposal of property vesting in the corporation for the purposes of the 7[Brihan Mumbai Electric Supply and Transport Undertaking] the following provision shall have effect, namely:— (a) the General Manager may 8[* * * *] dispose of by sale, hire purchase or otherwise, any movable property belonging to the corporation not exceeding in value in each instance, 9[ten thousand rupees]; (b) the General Manager may grant a lease of any immovable property belonging to the corporation for any period not exceeding twelve months at a time: 10[Provided that, every lease granted by the General Manager (other than a contract for monthly tenancy) the annual rent of which exceeds 11[seventy-five thousand rupees] shall be reported by him, within fifteen days after the same has been granted, to the 12[Brihan Mumbai Electric Supply and Transport Committee].] (c) with the sanction of the 13[Brihan Mumbai Electric Supply and Transport Committee] the General Manager may dispose of, by sale or otherwise, any movable property belonging to the corporation of which the value does not exceed 14[five lakh rupees] and may grant a lease of any immovable property belonging to the corporation 15[for any continuous period] exceeding one year, or sell or grant a lease in perpetuity of any immovable property belonging to the corporation the 1 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 2 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 173(a) and 174. 3 These words were substituted for the words “the Member-in-charge and, if the price exceeds ten thousands rupees, by the Mayor-in-Council” by Mah. 27 of 1999, s. 173(b). 4 This word was substituted for the word “Provincial” by the Adaptation of Laws Order, 1950. 5 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 173(a) and 174. 6 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 7 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 8 These words “with the approval of the Member-in-charge” were deleted by Mah. 27 of 1999, s. 175(a). 9 These words were substituted for the words “two thousand rupees” by Mah. 17 of 2012, s. 8(1). 10 This proviso was substituted by Mah. 10 of 1998, s. 211(b). 11 These words were substituted for the words “fifteen thousand rupees” by Mah. 17 of 2012, s. 8(2). 12 These words were substituted for the words “Member-in-charge” by Mah. 27 of 1999, s.175(b). 13 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s.175(c). 14 These words were substituted for the words “one lakh rupees” by Mah. 17 of 2012, s. 8(3)(i). 15 These words were substituted for the words “for any period” by Mah. 17 of 2012, s. 8(3)(ii). 344 The Mumbai Municipal Corporation Act [1888 : III value whereof does not exceed 1[five lakh rupees] of the annual rental whereof does not exceed 2[fifty thousand rupees]; (d) with the sanction of the corporation, the General Manager may lease, sale or otherwise convey any property, movable or immovable, belonging to the corporation. Officers and Servants