Disqualifications

A person shall be disqualified for being appointed or nominated or being an Executive Chairperson or a member of the Commission if such person,- (a) is, or at any time, being adjudged insolvent: (b) is of unsound mind and stands so declared by the competent court; (d) has, either directly or indirectly, any financial or other interest which is likely to affect prejudicially his functioning.