Presidential eligibility: prohibits legislative membership and other offices, secures residence and protected emoluments during term. The President must not be a member of Parliament or a State Legislature and vacates any such seat upon assuming office; the President must not hold any other office of profit. The President is entitled to rent-free official residences and to emoluments, allowances and privileges as Parliament may lawfully determine, with the Second Schedule applying until law provides otherwise, and such emoluments and allowances shall not be diminished during the term of office.