COMPANIES ACT - 1963 (ACT 179)

    Section - 182 - Competence of Directors

    (1) The following persons shall not be competent to be appointed or to act as directors of a company, namely,

    (a) an infant;

    (b) any one found by a competent court to be a person of unsound mind;

    (c) a body corporate;

    (d) any one in respect of whom an order shall have been made under section 186 of this Code so long as such order remains in force unless leave to act as director has been given by the Court in accordance with that section;

    (e) an undischarged bankrupt, unless he shall have been granted leave to act as director by the Court by which he was adjudged bankrupt.

    (2) If any of the persons specified in subsection (1) of this section, other than a body corporate, or person of unsound mind, shall act as a director of any company or knowingly allow himself to be appointed a director, he shall be liable on conviction to imprisonment for a term not exceeding five years or to a fine not exceeding five hundred pounds or to both such imprisonment and fine; and if any body corporate shall act as a director or allow itself to be appointed a director, the body corporate and every officer thereof who knowingly permitted it so to act or to be appointed shall be liable to a fine not exceeding five hundred pounds.

    (3) If any company shall appoint any person as director in contravention of this section the company and every director of the company who is in default shall be liable to a fine not exceeding five hundred pounds.

    (4) The company's Regulations may lawfully provide that classes of persons additional to those provided in subsection (1) of this section shall be incompetent to be directors of the company.