Section 6: Disqualifications for being chosen as, or for being, a Director of a Corporation.

The Road Transport Corporations Act, 1950Central Act · Act 64 of 1950

6. Disqualifications for being chosen as, or for being, a [Director of a Corporation].--[(1)] A person shall be disqualified for being chosen as, or for being, a [Director of a Corporation[--

(a) if he is found to be a lunatic or a person of unsound mind; or

(b) if he has been adjudged insolvent; or

(d) if he has, directly or indirectly, any interest in any subsisting contract made with, or in any work being done for, the Corporation except as a shareholder (other than a director) in an incorporated company, provided that where he is a shareholder he shall disclose to the State Government the nature and extent of shares held by him in such company; or

(e) if he has any financial interest in any other road transport undertaking.

[(2) Nothing in clause (d) of sub-section (1) shall be deemed to disqualify the [Managing Director] of a Corporation for being chosen as, or for being, a [Director] thereof.]

[(3) Nothing in clause (e) of sub-section (1) shall be deemed to disqualify,--

(a) any officer or other employee of the Government for being chosen as, or for being, a Director of a Corporation;

(b) any officer or other employee of a Corporation for being chosen as, or for being, a Director of another Corporation.]

Where this provision sits

Act	The Road Transport Corporations Act, 1950
Section	6
Marginal note	Disqualifications for being chosen as, or for being, a Director of a Corporation.
Jurisdiction	Central
Status	In 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.

substituted. . Subs. by s. 4, ibid., for "member of a Corporation" (w.e.f. 13-11-1982).
renumbered, Act 28 of 1959. . Section 6 re-numbered as sub-section (1) thereof by Act 28 of 1959, s. 2 (w.e.f. 1-9-1959).
inserted, Act 28 of 1959. . Ins. by Act 28 of 1959, s. 2 (w.e.f. 1-9-1959).
substituted, Act 63 of 1982. . Subs. by Act 63 of 1982, s. 4, for "Chief Executive Officer or General Manager" (w.e.f. 13-11-1982).
substituted. . Subs. by s. 4, ibid., for "member" (w.e.f. 13-11-1982).
inserted. . Ins. by s. 4, ibid. (w.e.f. 13-11-1982).

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