RTC Act 6Chapter · Road Transport Corporations
Section 6 · Disqualifications for being chosen as, or for being, a Director of a Corporation
Text size — level 1 of 4
6. Disqualifications for being chosen as, or for being, a 1[Director of a Corporation].--2[(1)] A
person shall be disqualified for being chosen as, or for being, a 1[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 the 4[Managing Director] of a Corporation for being chosen as, or for being, a 5[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.]
(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 the 4[Managing Director] of a Corporation for being chosen as, or for being, a 5[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.]
Your private note on this section
Only you can see this note.