State Act

5

Section 5. Disqualification for 9[Director].

Industrial Development Corporation Act, 1965

Act no. 22 of 19651965In forceGoa (State Act)

5. Disqualification for 9[Director].— A person shall be disqualified for being nominated as a 10[Director] of the Corporation, if he— (a) Is an employee of the Corporation, not being the 11[Managing Director], or (b) Is of unsound mind, and stands so declared, by a competent court, or (c) Is an undischarged insolvent, or (d) Is convicted of an offence involving moral turpitude within a period of five years immediately before his being nominated as 12[Director].