Subs. by sec. 2 of U. P. Act no. 23 of 2007. — THE UTTAR PRADESH FOREST CORPORATION ACT, 19741

1 . Subs. by sec. 2 of U. P. Act no. 23 of 2007. (f) if a director, secretary, manager or other officer of any company which has any share or interest in any contract or employment with, by, or on behalf of the Corporation : Provided that a person shall not be disqualified under clause (e) or clause (f) by reason only of his or his or the company in which he is a director, secretary, manager or other officer having a share or interest in — (i) any sale, purchase, lease or exchange of immovable property or any agreement for the same ; (ii) any agreement for loan of money, or any security for payment of money only ; (iii) any newspaper in which any advertisement relating to the affairs of Corporation is published ; (iv) an occasional sale to the Corporation up to a value not exceeding ten thousand rupees in any year, of any article in which he or the company regularly trades. Explanation— A person shall not be deemed to have any share or interest in any contract or employment with, by or on behalf of the Corporation by reason only of his being a share-holder of the company which has such share or interest.

Section 1