Amendment status not verified — confirm the current text below against the official source.
A person shall be disqualified for being appointed as, or for being, a member of the Board, if such person,- (a) is or is found to be a lunatic or a person of unsound mind and stands so declared by the Competent Court; or (b) is adjudged insolvent; or (c) has been convicted of an offence involving moral turpitude; or (d) has any financial interest in any subsisting contract made with or in any work being done by the Board, except as a share holder (other than a Director) in a company as defined in section 3 of the Companies Act, 1956: Provided that where he is a shareholder, he shall disclose to the State Government the nature and extent of shares held by him in such a company; (e) has any financial interest in any business dealing by the Board with any village industry; or (f) being an office bearer of a village industry is held responsible by the Board for any default in payment of its dues by village industry to the Board ; or (g) holds any office of profit under the Board; or (h) has directly or indirectly, by himself or his partner or by a member of his family, any share or interest in any transaction of loan or money borrowed by any village industry from the Board; or (i) has directly or indirectly, by himself or his partner or by a member of his family, any share or interest in any work done by the order of the Board; or (j) has remained absent from three consecutive meetings of the Board without the leave of the Board.