Disqualification for office of member.

A person shall be disqualified for being nominated as a member if he- (a) has been convicted and sentenced to imprisonment for an offence which, in the opinion of the Government, involves moral turpitude; or (b) is an un-discharged insolvent; or (c) is of unsound mind and stands so declared by a competent court; or (d) has been removed or dismissed from the service of the Government or corporation owned or controlled by the Government; or (e) has, in the opinion of the Government, such financial or other interest in the Authority as is likely to affect prejudicially the discharge by him of his functions as a member.