S.L. 386.21 Art. 8Disqualification. Cap. 373.

A person shall not be qualified for appointment as Special Controller in accordance with these regulations if:

(a) he is interdicted or incapacitated or is an undischarged bankrupt;

(b) he has been convicted of any of the crimes affecting public trust or of theft or of fraud or of knowingly receiving property obtained by theft or fraud, provided that the period for disqualification shall be in terms of the limits mentioned in sub-article (1) of article 142 of the Act;

(c) he is subject to a disqualification order under article 320 of the Act;

(d) during the time he has been a director or a secretary of a company, he has breached the provisions of this Act for the third consecutive time in a period of two (2) years to be reckoned from the first breach;

(e) he has been convicted of any of the offences under the Prevention of Money Laundering Act;

(f) he does not possess a minimum of five (5) years proven experience in the administration of companies; or

(g) he does not possess a minimum of two (2) years proven experience in the administration of companies and a bachelor’s degree or equivalent from a recognised university.