Amendment status not verified — confirm the current text below against the official source.
Save as otherwise provided in this Act, a person shall be disqualified for being appointed or continuing as 1 " Chairman, the Vice Chairman " (a) holds any office of profit under the Board; or member of the Board, if he,- (b) is of unsound mind; (c) is an undischarged insolvent; has directly or indirectly any share or interest in any contract or employment with, by or on behalf of the Board. (d) has been convicted by a court of any offence involving moral turpitude or convinced of economic offence; (e)is a Director, Secretary, Manager or a salaried officer of any company which has any share or interest in any contract or employment with, by or on behalf of, the Board. Explanation - A person shall not be deemed to have any share or interest in any company within the meaning of clause (d) or (f) of the section only by reason of his having, or the company in which he is a Director, Secretary, Manager or a salaried officer is having a share or interest in any newspaper in which any advertisement relating to the affairs of the Board is inserted.