47D. (1) The Chairman shall be a person who is, or has been, a District Judge, or is or has been, or is qualified to be, a judge of the 1[the Supreme Court].
(2) No person shall be appointed, or shall continue to be, a member of the Board if he is an undischarged insolvent, or is convicted of an offence which, in the opinion of the Government, involves moral turpitude.