: The director or chief executive officer of the organization seeking to be registered as a securities dealer should not have any of the following disqualifications:-
(a) Damaged or defaced,
(b) If the moneylender is unable to pay his debt, he falls into the debt,
(c) found guilty of a criminal charge and sentenced to imprisonment by a court, and five years have not elapsed since the payment of such sentence,
(d) has been dismissed for misconduct from an organized body registered as a securities dealer, within three years from the date of such dismissal,
(e) Being a director of another organized organization with a certificate of securities dealer,
(f) Having a contract lease or other private interest with an organization that has received a certificate of securities dealer.