The Maharashtra Industrial Development Act, 1961.
Section 5. Disqualification for membership.
A person shall be disqualified for being nominated as a member of the Corporation, if he-
(a) is an employee of the Corporation, not being the Chief Executive Officer, or ship.
(b) is of unsound mind, and stands so declared, by a competent court, or
(c) is an undischarged insolvent.
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