Amendment status not verified — confirm the current text below against the official source.
Punishment for acquznng share or mterest zn contract, etc., with th6 Board.-If any Trustee, or any officer or servant of the Board, knowingly acquires, directly or indirectly, by himself or hy any partner employer or employee, otherwise than as such Trustee, officer or servant, any share or interest in any contract or employment with, by or on behalf of, thf' board [not being a share or interest which, under sub-section (2) of :section 7, it is permisaible for a Tru:.tee to have without being thereby disqualified for being appointed n Trustee], he ~ohall be deemed to have committed the offence made punishable by section 168 of the Indian Penal Code (Central Act 4-5 of llloO).