Amendment status not verified — confirm the current text below against the official source.
(1) A person shall be disqualified for being appointed or continuing as the Chairman or member of the Board, if he- (a) holds any office or place of profit under the Board ;3 * * * (b) is of unsound mind, (c) is an uncertificated bankrupt or an undischarged insolvent, (d) has directly or indirectly by himself or by any partner, any share or interest in any contract or employment with, by or on behalf of the Board, or Non-Applicability of Rent Act. Constitution of the Board. Grant of leave of absence to Chariman. Disqualification for appointment on Board. (e) is a director, secretary, manager or other salaried officer of any incorporated company which has any share or interest in any contract or employment with, by or on behalf of the Board. 4[(1A) For the purpose of clause (a) of sub-section (1), a person shall not be deemed to hold office or place of profit under the Board by reason only that he is a Housing Commissioner.] (2) A person shall not, however, be disqualified under clause (d) or (e) of sub-section (1) or be deemed to have any share or interest in any contract of employment within the meaning of these clauses, 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 news-paper in which any advertisement relating to the affairs of the Board is inserted. (3) A person shall not also be disqualified under clause (d) or (e) of subsection (1) 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.