Section 19
Disqualification of members of Board and Board Committee
No person shall be appointed, or shall remain, as a member of the Board or Board Committee if—
(a)
he is or becomes a member of the Senate or House of
Representatives or any Legislative Assembly;
(b)
he is or becomes an officer, director or partner, of a credit provider or credit service provider;
(c)
he is or becomes an office bearer of, or he holds any similar office or position in a political party;
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Act 873
(d)
there has been proven against him, or he has been convicted on, a charge in respect of—
(i)
an offence involving fraud, dishonesty, violence or moral turpitude;
(ii)
an offence under any law relating to corruption;
or
(iii)
any other offence punishable with imprisonment
(in itself only or in addition to or in lieu of a fine) for more than two years;
(e)
his conduct, whether in connection with his functions as a member of the Board or otherwise, has been such as to bring discredit on or disrepute to the Commission;
(f)
he is or becomes a bankrupt, or suspends payment or compounds with his creditors;
(g)
he is or becomes of unsound mind or is otherwise incapable of performing his functions; or
(h)
he is or becomes involved in any activity which may interfere with his independence in performing his functions.