Amendment status not verified — confirm the current text below against the official source.
If any Tms~ce, or any officer or servant of [he Board, knowingly acquires, directly or indirectly, by himself or by any parlner, cmploycr or cmployce, otherwise than as such Trusree, ollicer or servanl, any sharc or in[ercst in any conlracl or ernploymcnt wilh, by. or on behalf of, the Board, not being a s h m or interesr such as, under sub-section (2) of seclion 5, jr is permissible for a Trrustcc 10 have wilhoul being thereby disqualified for bcing appointed a Trus~ce, he shall bc deerncd [o have comrniued the offence ~nadc punishable by section 168 of thc A C ~ XLV OT Indian Pcnal Code.