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Disqualifications of Managing Director and nominated members

No person shall be appointed as Managing Director or nominated as member or, as the case may be, shall continue as Managing Director or member, who (a) is, or at any time has been, convicted of an offence involving moral turpitude; (b) is, or at any time has been, adjudged insolvent; (c) is found a lunatic or becomes of unsound mind; (d) ...


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