Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Entire Act]

State of Madhya Pradesh - Section

Section 9 in The M.P. (Rajya) Bhumi Vikas Nigam Adhiniyam, 1976

9. Disqualifications for being a Director of the Nigam.

(1)A person shall be disqualified for being nominated or appointed as, and for being a director of the Nigam,-
(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; or
(b)if he is of unsound mind and stands so declared by a competent Court; or
(c)if he is or has been convicted of any offence which in the opinion of the State Government, involves moral turpitude; or
(d)if he is removed or dismissed from the service of the Government or a corporation owned or controlled by the Central Government or the State Government; or
(e)if he acts in a manner prejudicial to the interests of the Nigam or has an interest in any body, institution or organisation whose activities are prejudicial to the interests of the Nigam.
(2)If a director of the Nigam becomes subject to any of the disqualifications mentioned in sub-section (1) he shall cease to be a Director of the Nigam with effect from the date of notification to this effect by the State Government.