Ins. by s. 2, ibid. (w.e.f. 7-2-2008). — LIST OF AMENDING ACTS

2. Ins. by s. 2, ibid. (w.e.f. 7-2-2008). (d) is convicted of any offence involving moral turpitude; or (e) is, in the opinion of the President, unfit to continue in office by reason of infirmity of body or mind: Provided that the President may, by order, remove any Part-time Member from his office if he is adjudged an insolvent or is convicted of any offence involving moral turpitude or where he is, in the opinion of the President, unfit to continue in office by reason of infirmity of body or mind. (4) If the Chairman or any Whole-time Member, except any ex officio Member, the Nominated Member or any elected Member, is, or becomes in any way concerned or interested in any contract or agreement made by or on behalf of the Corporation or the Government of India or the Government of a State or, participates in any way in the profit thereof, or in any benefit or emolument arising therefrom than as a member, and in common with other members of an incorporated company, he shall, for the purposes of sub-section (1), be deemed to be guilty of misbehaviour. (5) If a Part-time Member is, or becomes in any way concerned , or interested in any contract or agreement made by or on behalf of the Corporation, he shall, for the purposes of sub-section (1), be deemed to be guilty of misbehaviour. (6) The Chairman or any other Member may resign his office by giving notice thereof in writing to the President of India and on such resignation being accepted, the Chairman or other Member shall be deemed to have vacated his office.

Section 2