Central Act

20

Section 20. Disqualification for office of member of board of directors.

The Food Corporations Act, 1964

In forceAll India (Central Act)

20. Disqualification for office of member of board of directors. A person shall be disqualified for being appointed as, and for being, a member of the board of directors of a State Food Corporation-- (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 Central Government involves moral turpitude; or (d) if he has been removed or dismissed from the service of the Government or a corporation owned or controlled by the Government; or (e) except in the case of the Chairman or the General Manager, if he is a salaried official of the Food Corporation of India or a State Food Corporation.