1[(1)] A person shall be disqualified for being chosen as, or for being, a2[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
(c) if he has been convicted of an offence involving moral turpitude; 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.
3[(2) Nothing in clause (d) of sub-section (1) shall be deemed to disqualify the4[Managing Director of a Corporation for being chosen as, or for being, a5[Director] thereof.]]
6[(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.]
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1. Original section 6 was renumbered as sub-section (1) thereof by the Road Transport Corporations (Amdt.) Act, 1959 (28 of 1959), section 2 (1-9-1959).
2. Substituted for the words "member of a Corporation" by the Road Transport Corporation's (Amdt.) Act, 1982 (63 of 1982), section 4(a) (15-11-1982).
3. Inserted by the Road Transport Corporations (Amdt.) Act, 1959 (28 of 1959), section 2 (1-9-1959).
4. Substituted for the words "Chief Executive Officer or General Manager" by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 4(b) (15-11-1982).
5. Substituted for the word "member" by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 4(b) (15-11-1982).
6. Inserted by the Road Transport Corporations (Amdt.) Act, 1982 (63 of 1982), section 4(b) (15-11-1982), S.4(c) (15-11-1982).