Answer to Question #219342 in Economics for Phuti

Question

Describe circumstances that, according to the Companies Act,

will render a person ineligible or disqualified from being

appointed as a director.

Answer 1

Section 69 of the Companies Act provides that any person is ineligible for appointment as director or prescribed officer, if that person is a juristic person, an unemancipated minor (or is under a similar legal disability), or does not satisfy the qualifications as per the company's Memorandum of Incorporation.