State Agricultural Credit Corporations Act, 1968
No person shall be a director, who,-
- except in the case of the managing director, is a salaried official of the Corporation, or
- is, or at any time has been, adjudged insolvent or has suspended payment of his debts or has compounded with his creditors, or
- is of unsound mind and stands so declared by a competent court, or
- is or has been convicted of an offence which, in the opinion of the Central Government, involves moral turpitude.