What are the limitations on who can be a Director?

Author: Marwah Law |

A person is disqualified from being a director if that person is:

- under 18 years of age;

- found by a court to be incapable of managing the individual's own affairs;

- an undischarged bankrupt, or;

- convicted of an offence in connection with the promotion, formation or management of a corporation or other business, or of an offence involving fraud, unless:

     - the court orders otherwise;

     - a pardon was granted; or

     - 5 years have elapsed since the last to occur of:

     - the expiration of the period set for suspension of the passing of sentence without a sentence having been passed;

     - the imposition of a fine;

     - the conclusion of the term of any imprisonment; or

     - the conclusion of the term of any probation imposed.