Amendment status not verified — confirm the current text below against the official source.
A person shall be diaqualified for being appointed or confiinuing &Ba u•·offioia.l member, if ho - (&) has been convicted. of an offence involving moral turpitude; (b) is an. undisoharged insolvont; (o) is of unsound mind and stands so deolared by t1. oomJ)6tent Court; (d) holds, e:r:cept as provided in sections 6 and 7, any offioe of profit oder the Board; (e) has, direotly or indirectly by himself or by any partner, employer or employee, any share or interest, whether pecuniary or of any other nature, in any contraot or employment with, by OD on behalf of, the Board; ., (f) is a Director, Secretary, manager or other officer of any company, whfilh has any share or intereafl in auy contraot or employment with, by or on behalf of, the Board : Provided that a person shall not be disqualified under clause (e) or clause (f) by reason only of his or the company of whioh ho is a Director, Seoretary; Manager or other officer having a sharo or interest in - (i) My sale, purchase, lease or exchange of immovable property or any agreement for the same; (ii) any agreement foll loan of money or any soourity for paymenbJ i moner only; (iii) any newspaper in whioh any advertiisementi :relating to the affain of the Board ·js published; PUT IV J GUJ. GOVT. GAZ., EX., MAY 6, 1979/JYAISTRA 16, 1901 "' (iv) the oooasional sale to the Boa.rd, upto a value not exoeeding OOn thousand rupees in any one year, of any article in which he or the oompany regularly trades.