Disqualification for appointment as members of the Board

(1) A person shall be disqualified for being appointed or for continuing as a member of the Board, if he— (a) holds any office of profit under the Board other than the office of Chairman, Secretary or Joint Secretary thereof; (b) is of unsound mind and stands so declared by a competent Court; (c) is or at any time has been adjudicated insolvent; (d) has directly or indirectly by himself, by his wife or son, or by any partner any share of interest in any subsisting contract or employment with, by or on behalf of the Board; (e) is a Director or a Secretary or a Manager or other salaried officer of any incorporated company or any co-operative society, which has any share or interest in any contract or employment with, by or on behalf of the Board. (f) being non-official member, does not habitually wear Khadi; (g) is convicted of an offence involving moral turpitude. (1 A) A person shall also be disqualified for continuing as a member of the Board, if he ceases to reside in Punjab. (2) (a) A person shall not be disqualified under clause (a) of subsection (1) by reason only of his being member receiving allowance or the Chairman receiving any honorarium or allowances as provided in sub-section (2) of section 4. (b) A person shall not be disqualified under clause (d) or (e) subsection (1) or be deemed to have any share or interest in any contract or employment within the meaning of these clauses by reason only of his or of the incorporated company or of a cooperative society, of which he is a Director, Secretary, Manager or other salaried officer having a share of interest in any newspaper in which any advertisement relating to any affairs of the Board is inserted. (c) A person shall not also be disqualified under clause (d) or (e) of subsection (1) or be deemed to have any share or interest in any contract or employment with, by or on behalf of, the Board by reason only of his being a shareholder or member of such a company or society. Provided that such person discloses to the Government the nature and extent of the share held by him from time to time. (d) A person shall not also be disqualified, or be deemed ever to have been disqualified, under clause (d) or clause (e) of sub-section (1), or be deemed to have any share of interest in any contract or employment, with, by or on behalf of, the Board, by reason of his being a Director or a Secretary or a Manager or other salaried officer of a society registered or deemed to be registered under the Registration of societies Act, 1860, or any other institution certified by the Commission or the Board: Provided that such person discloses to the Government the nature and extent of the share held by him from time to time. (a) Every contract or agreement on behalf of the Board, shall be in writing and shall be signed and sealed with the common Seal of the Board. (b) the Secretary may, on behalf of the Board, enter into any contract or agreement in such manner and form as, according to the law for the time in force would bind him if the contract or agreement were entered into on his own behalf; provided that the amount of contract or agreement does not exceed Rs. 25,000. (c) Any other contract or agreement on behalf of the Board exceeding Rs. 25,000/- shall be entered into by the Secretary in the presence of another member so authorised by the Board, who would also affix his signatures to the contract or agreement in token that the same was signed in his presence. The signatures of such a member shall be in addition to the signatures of any witnesses to the execution of such a contract or agreement.