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Section 4: Disqualifications for being a member of Corporation.

The National Co-operative Development Corporation Act, 1962Central Act · Act 26 of 1962

A person shall be disqualified for being chosen as, and for being, a member of the Corporation--

(i) if he is, or at any time has been, adjudicated insolvent or has suspended payment of his debts or has compounded with his creditors; or

(ii) if he is or has been convicted of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months, unless a period of five years has elapsed from the date of expiry of the sentence; or

(iii) [except in the case of managing director,] if he is a salaried official of the Corporation.

Where this provision sits

ActThe National Co-operative Development Corporation Act, 1962
Section4
Marginal noteDisqualifications for being a member of Corporation.
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 3 of 1974. . Ins. by Act 3 of 1974, s. 5 (w.e.f. 1-4-1974).

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