(1) A person shall be disqualified for being ap pointed or continuing as the Chairman or member of the Board, if he-
(a) holds any office of profit under the Board,
(b) is of unsound mind,
(c) in an uncertificated bankrupt or an undis charged insolvent, ' ' " . · ( d) has directly or indirectly by himself or by · any partner, any share or interest in any contract with, by or on behalf of the Board.
··1 -.,\p 1• ,,. or =----~-------- Term of office and conditions of service of Chair man and member.
( e) is a Director or a Secretary, Manager or other salaried · officer of any incorporated company which has any sha:r:e or interest in any contract with, by or on behalf of the Board, or
(f) has been or is convicted of any offence in volving moral turpitude;.
(2) A person shall not, however, be disqualified under clause (d) or (e) of sub-section (1) or be deemed to have any share or interest in any contract within the meaniug of these clauses, by reason only of his or the incorporated company of which he is a Director, Secre tary, Manager or other salaried officer having a share or interest in any newspaper in which any advertise ment relating to the affairs of the Board is inserted.
(3) A person shall not also be disqualified under clause (d)° or (e) 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 em ployment with by or on behalf of the Board, by reason only of his being a share-holder of such company :
Provided that such person discloses to the State Government the nature and extent of the shares held by him.