Who is eligible to be a company director?
Qualifications of a Company Director
- A director must be a natural person. This means that a corporate entity/enterprise cannot act as a director of another company.
- A director must have legal capacity and have attained the age of majority[1] (at least 18 years old).
- A director must be of sound mind, or mentally and physically fit to render statutory duties.
- A director must not be subject to disqualification. Among those considered unfit to become a company director under Section 148 of the Companies Act are as follows: