A person shall be disqualified for being nominated as, and for being a director-
(a) if he is or at any time has been adjudicated insolvent or has suspended payment of his debts or has compounded with his creditors;
(b) if he is of unsound mind and stands so declared by a competent court;
(c) if he is or has been convicted of any offence which in the opinion of the State Government involves moral turpitude; or
1. Proviso added vide Act No. 27 of 1979, (Sec. 3 (a).
2 . Ins. vide Act No. 27 of 1979, Sec. 3 (b).
3 . Ins. vide Act No. 27 of 1979, Sec. 3(c).
H. P. ANTYODAYA CORPORATION ACT, 1979 8
(d) if he has been removed or dismissed from the service of any State Government or Central Government or a Corporation owned or controlled by any State Government or Central Government.