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The Insurance Corporations Act, 1973

( ACT NO. VI OF 1973 )

Qualifications and disqualifications of Directors
9. No person shall be or shall continue to be a Director of a Corporation who-
 
 
 
 
(a) is or at any time has been adjudicated insolvent;
 
 
 
 
(b) is found to be a lunatic or of unsound mind;
 
 
 
 
(c) is or at any time has been convicted of an offence which, in the opinion of the Government, is an offence involving moral turpitude;
 
 
 
 
(d) is a minor;
 
 
 
 
(e) absents himself from three consecutive meetings of the Board without leave of absence granted by the Chairman or, in the case of the Chairman, by the Government;
 
 
 
 
(f) is, except in the case of the Managing Director, a salaried official of the Corporation; or
 
 
 
 
(g) is not a citizen of Bangladesh or acquires the citizenship of or affirms or acknowledges allegiance to, a foreign State.

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Ministry of Law, Justice and Parliamentary Affairs