133 Eligibility of directors

(1) Subject to subsection (2), the company‘s memorandum and articles and
to the provisions of the International Corporate Service Providers Act
(Cap 275), a director of a company shall be an individual or a body
corporate.


(2) The following persons shall not be a director of a company —

(a) an individual who —

(i) is a minor;

(ii) is an incapacitated adult; or

(iii) is an undischarged bankrupt;

(b) a body corporate which is dissolved or has commenced winding
up;

(c) a person who is disqualified, under this Act, any other written
law or by an order of the Court, from being a director; or

(d) a person who, in respect of a particular company, is prohibited
by the memorandum or articles from being a director of the
company.

(3) A person who acts as a director of a company whilst prohibited from
doing so under subsection (2) is nevertheless deemed to be a director of
the company for the purposes of any provision of this Act that imposes a
duty or obligation on a director.