Amendment status not verified — confirm the current text below against the official source.
Disqualification of Managing Director and/or Director.— A person shall be disqualified for being nominated/appointed as a Director or Managing Director of the Corporation, if he — (a) is, or at any time has been, convicted of any offence involving moral turpitude; or (b) is, or at any time has been, disqualified for appointment in, or dismissed from, Government service; or (c) is, or at any time has been, adjudged insolvent; or (d) is of unsound mind and stands so declared by a Competent Court; or (e) is not a citizen of India; or (/) is less than twenty five years of age.