Act Number: 37

Act Name: The Food Corporations Act, 1964

Year: 1964

Enactment Date: 1964-12-10

Long Title: An Act to provide for the establishment of Food Corporations for the purpose of trading in foodgrains and other foodstuffs and for matters connected therewith and incidental thereto.

Ministry: Ministry of Consumer Affairs, Food and Public Distribution

Department: Department of Food and Public Distribution

Section 8: Disqualification for office of director.
    A person shall be disqualified for being appointed as, and for being, a director of the Corporation--
         (a) if he is, or at any time has been, adjudicated insolvent or has suspended payment of his debts or has compounded with his creditors; or
         (b) if he is of unsound mind and stands so declared by a competent court; or
         (c) if he is or has been convicted of any offence which in the opinion of the Central Government involves moral turpitude; or
         (d) if he has been removed or dismissed from the service of the Government or a corporation owned or controlled by the Government; or
         (e) except in the case of the Chairman or the managing director, if he is a salaried official of the Food Corporation of India or a State Food Corporation.
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