Amendment status not verified — confirm the current text below against the official source.
(1) The Chairman, Vice-chairman or any other member/non-official member may at any time resign his/her office by tendering his/her resignation to the State Government but shall continue to remain in office until his/her resignation is accepted. (2) A person shall be disqualified lor being appointed or for continuing as the Chairman, Vice-Chairman or member of the Board, il he/she, - (a) holds any olfice or place of prolit urder the Board ; is of unsound mind ; is an undischarged insolvent ; has, directly or indirectly by himselt/herself or by any partner, any share or inlerest in any contract or employment with by or on behalf of, the Board ; (e) isa Director or a Secretary, Managerorother salaried officer o, any incorporated company which has anyshareor interesl in any contract or employment with, by or on behall of, the Board : or (f) has been convicted of any otlence involving moral turpitude. (g) in the opinion of the S1ate Government- (i) has become incapable of acting;or (ii) is otherwise unlil to continue as a member. (3) A person shall not be disqualified under clause (d) or clause (e,) of sub-section (2) or be deemed to have any share or interest in any conlract or employment within the meaning of the said clause, by reason only of his or the incorporated company of which he is a Director, Secretary, Manager or other salaried officer, having a share or interest in any newspaper in which any advertisemenl relating to the aflairs ol the Board is inserted. (b) (c) (d) 201 (4) A person shall not also be disqualilied under clause (d, or clause (e) ol sub-section (2) or be deemed to have any share or interest in any incorporated company which has any share or interest in any contract or employment with, by or on behalf of, the Board, by reason only of his being a shareholder of such company: Provided that such person discloses to the State Government the nature and extent of the shares held by him.