Disqualification for appointment of a member of the Authority.

General1974115 sections

Statutory text

(2) A person shall not be disqualified under clause (c) of sub-section (1) or be deemed to have any share or interest in any incorporated company which has any share or interest in any contract or employment with, by or on behalf of the Authority by reason only of his being a shareholder of such company: Provided that such person discloses to the Government the nature and extent of the share hold by him. (1) A person shall be disqualified for being appointed as and for being a member of the Authority if he- (a) has been convicted by a Criminal Court for offence involving moral turpitude, unless such conviction has been set aside: (b) is an applicant to be adjudicated a bankrupt or insolvent, or is an uncertificated bankrupt or undischarged insolvent; (c) has, directly or indirectly, by himself or by any partner employer or employee any share or interest, any contract or employment with, by or on behalf of the Authority; (d) is a director, or a secretary, or a manager or other salaried officer of any incorporated company which has any share or interest in any contract or employment with, by, or on behalf of the Authority; or (e) is, of unsound mind.

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