A person shall be disqualified for being chosen as a Trustee, if he--

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(a) has been convicted and sentenced to imprisonment for an offence which, in the opinion of the Central Government, involves moral turpitude; or

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(b) is an undischarged insolvent; or

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(c) holds any office of profit under the Board:

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¹[Provided that this disqualification shall not apply to the Chairman, Deputy Chairman or a Trustee who has been appointed to represent the labour employed in the port or appointed by virtue of office as officer or member of an association formed for the purpose of promoting the interests or welfare of any class of employees of the Board;]

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(d) has, directly or indirectly, any share or interest in any work done by order of the Board, or in any contract or employment, with, by, or on behalf of the Board:

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Provided that no person shall be deemed to have a share or interest in such work, contract or employment by reason only of his--

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(i) having a share in any company or firm which may contract with or be employed by or on behalf of the Board, or

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(ii) having a share or interest in any newspaper in which any advertisement relating to the affairs of the Board may be inserted, or

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(iii) being interested in any loan of money to the Board, or

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(iv) having a share or interest in any lease, sale, exchange or purchase of immovable property or any agreement for the same, or

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(v) having a share or interest in any licence by the Board, or right by agreement or otherwise with the Board to the sole or preferential use of any railway siding or any berth for vessels in the docks belonging to the Board, or

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(vi) having a share or interest in the occasional sale to the Board, to a value not exceeding ten thousand rupees in any one financial year, of any article in which he trades.

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(1) The Central Government may, by notification in the Official Gazette, make rules for all or any of the following purposes, namely:--

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(a) the times and places of the meetings of a Board and the procedure to be followed for the transaction of business at such meetings;

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(b) the fees and allowances payable to the members of a Board or of its committees;

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¹[(ba) the salaries, allowances payable to and the other terms and conditions of the Chairperson and members of the Authority;]

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(c) any other matter in respect of which rules may be made by the Central Government.

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(2) The power to make rules under this section is subject to the condition of the rules being made after previous publication.

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(3) Every rule made under this Act shall be laid, as soon as may be after it is made, before each House of Parliament while it is in session for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session ²[immediately following the session] or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.

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