Section 14. Disqualification of members

(1) Subject to the provisions of sub-section (2), a person shall be disqualified for being appointed or continuing as the member of the Authority, if he,-

(a) holds any office of profit under the Authority;

(b) is of unsound mind, and stands so declared by a competent court;

(c) is an uncertificated bankrupt or an undischarged insolvent;

(d) has directly or indirectly by himself or by any partner, any share or interest in any contract or employment with, by or on behalf of, the Authority;

(e) is a director, secretary, manager or other salaried officer of any incorporated company which has any share or interest in any contract or employment with by or on behalf of the Authority; or

(f) has been or is convicted of any offence involving moral turpitude.

(2) A person shall not, however, be disqualified under clause (d) or (e) of sub-section (1) or be deemed to have the share or interest-

(a) In any contract or employment within the meaning of these clauses, by reason only of his, or the incorporated company of which he is a director, secretary, manager or other salaried officer, having a share or interest in any newspaper in which any advertisement relating to the affairs of the Authority is inserted;

(b) Any incorporated company which has any share or interest in any contract or employment with, by or on behalf of, the Authority, by reason only of his being a shareholder of such company:

Provided that, such person discloses to the State Government, the nature and extent of the shares held by him.