Sri Lanka Consolidated Acts

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State Agricultural Corporations Act (No. 11 of 1972) - Sect 11

Disqualification for appointment as Directors

11. A person shall be disqualified for being appointed or for continuing as a Director-
(a) if he is a Member of Parliament; or
(b) if he directly or indirectly by himself or by any other person on his behalf or for his use or benefit holds or enjoys any right or benefit under any contract made by or on behalf of the Corporation except as a shareholder (other than a Director) in any incorporated company; or
(c) if he directly or indirectly by himself or by any other person on his behalf has any interest or derives any benefit in or from any work being done for the Corporation except as a shareholder (other than a Director) in any incorporated company; or
(d) if he becomes bankrupt or is adjudicated an insolvent.


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