Amendment status not verified — confirm the current text below against the official source.
A person shall be disqualified for being Directorshipnominated as a Director of the Corporation, if he— •«* (a) is an employee of the corporation, not being the Chief Executive Officer, or (b) is of unsound mind, and stands so declared by a competent court, or THE ASSAM GAZETTE, EXTRAORDINARY FEB. 14, 199J 45 (c) is an undischarged insolvent, or (d) has been convicted by court on a charge of crime involving moral turpitude. ceS rraand?*- 7 - (1) (a ) Every Director of the Corporation ditions of nominated under Clause (j) of Section 4 shall hold Dkacw„of offices for a period of three years from the date of his nomination, unless his term of office is termi nated earlier by the State Government. (b) Where a vacancy of any such Director oc curs due to completion of the term of office or due to termination of his term of office earlier, the vacancy shall be filled in accordance with the pro. visions of Section 10. (c) Any person nominated as Director of one or more occasions shall unless disqualified, be eligible for renomination; (d) Where a person is nominated to be or become a Director of the Corporation by virtue of holding any office, he shall, notwithstanding any thing contained in this Act, cease to be a Director of the Corporation as soon as he ceases to hold that office. Corpor^ionf