Section 4:
Duration of the Corporation.
1[4. Duration of 2[3[the Corporation]].---(1) 4[5[The Corporation]], unless sooner dissolved under section 490,
shall continue for five years from the date appointed for its first meeting and no longer:
(2) An election to constitute 2[3[the Corporation]] shall be completed--
(i) before the expiry of its duration specified in sub-section (1);
(ii) before the expiration of a period of six months from the date of its dissolution :
Provided that where the remainder of the period for which the dissolved Corporation would have
continued is less than six months, it shall not be necessary to hold any election under this sub-section for
constituting 2[3[the Corporation]] for such period.]
Notes:
1. Subs. by Act 67 of 1993, s. 5, for section 4 (w.e.f. 1-10-1993).
2. Subs. by Delhi Act 12 of 2011, s. 2, for "the Corporation" (w.e.f. 13-1-2012).
3. Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).
4. Subs. by Delhi Act 12 of 2011, s. 2, for "The Corporation" (w.e.f. 13-1-2012).
5. Subs. by Act 10 of 2022, s. 2, for "A Corporation" (w.e.f. 22-5-2022).