Amendment status not verified — confirm the current text below against the official source.
(1) The Members appointed under clause (f) of section 4 shall be persons of ability, integrity and standing and qualified in the fields of management of Infrastructure Projects, law, finance, economics or commerce. (2) The minimum qualification and experience in the fields of management of Infrastructure Projects, law, finance, economics or commerce, namely, - (a) qualifications and experience in the field of management of Infrastructure Projects, - relevant professional qualification and a minimum work experience of ten years after acquiring the professional qualification, in a government department or public sector organization or in a private sector engaged in Infrastructure .Projects and having adequate financial credentials in respect of conceptualizing, appraisal, development, financing or implementation of Infrastructure Projects. (b) qualifications and experience in the field of Lawa serving or a retired District and Sessions Judge or a person qualified to be a District and Sessions Judge. (c) qualifications and experience in the field of Finance, Economics or Commerce - (i) membership of the Institute of Chartered Accountants of India or Post Graduation in Economics, Commerce or Management; and (ii) ten years' of work experience after acquiring, the said qualification in a government, department, public sector organization or in a private sector organization having adequate financial credentials, or ten years' teaching experience in a university or a college, recognized by the University Grants Commission or All India Council of Technical Education in the stream of finance, economics or commerce. (3) Before appointing any person as the Member under clause (f) of section 4(2), the State Government shall satisfy itself that the person does not have any financial or other interest, which may affect prejudicially his functioning as a Member of the Board. (4) Notwithstanding anything contained in this Act, the State Government may, by order, remove any Member of the Board from his office if such Member: (a) is an un-discharged insolvent; or (b) is found guilty under the laws of India of a criminal offence of a dishonest or fraudulent nature; or (c) has been convicted of an offence which, in the opinion of the State Government, involves moral turpitude; or (d) is of unsound mind and stands so declared by a competent court; or (e) has become physically incapacitated to hold the office; or (f) has so abused his position as to render his Continuance in office prejudicial to the Public interest; or (g) in case of employees of the State Government or any of the Government Agency or any Specified Government Agencies, has resigned, or been removed or dismissed from the service for any reason whatsoever; or (h) in the case of a person having professional qualifications, is disqualified or suspended from practicing his or her profession by order of any competent authority made in respect of him or her personally; or (i) is judged by the Board as behaving with gross misconduct capable of bringing the Board into disrepute; or (j) has failed to disclose his or her interests or potential interests in an Infrastructure Projector a Bankable Project in the State as required under Section 11; and (k) has ill- the opinion of the State Government, such financial ,or other interest in an Infrastructure Project or a Bankable Project in. the State as is likely to affect prejudicially the discharge by him of his functions as a Member. (5) Any Member of the Board .shall cease to hold office in the Board if he is removed in accordance with the provisions of subsection (4) or relinquishes' his office by giving a written notice of at least three calendar months to the State Government.