Disqualifications

(d) if he has any financial interest in any subsisting contract made with or in any work being done by the Board, except as a shareholder (other than a Director) in a company as defined in section 3 of the Companies Act, 1956 (1 of 1956) : Provided that where he is a shareholder, he shall disclose to the Government, the nature and extent of shares held by him in such a company; or (e) if he has any financial interest in any business undertaking dealing with or any other village industry as may be specified.