(1) The following persons shall not be eligible to be directors of banks or financial institutions:- (a) who have not completed 25 years of age, (b) are of impaired mind or mental balance, (c) are in debt to creditors due to default in repayment of loans within Nepal or abroad, (d) ) blacklisted or defaulted in any transaction with a bank or financial institution within Nepal or abroad, at least three years have not completed from the date of release from that blacklist or defaulter, Directors or employees, (f) debtors or incumbent auditors or advisors of related banks or financial institutions or persons, firms and companies who are shareholders or have private interests in any type of contract lease with banks or financial institutions, (g) membership of the securities market to act as securities traders Acquired or merchant banker, (h) a person who is a director of a licensed institution, (j) a person who does not have the minimum number of shares required to be a director in accordance with the regulations of the related bank or financial institution to be a director due to share ownership, (j) Government of Nepal or ownership of the Government of Nepal This provision prevents the nomination of directors of a registered organization or a national bank or a bank or a financial institution, but whose shares have been purchased by the Government of Nepal or an institution owned by the Government of Nepal, or a microfinance institution or an infrastructure development bank in which a national bank or a bank or a financial institution has purchased its shares. ¥ shall not be deemed to have occurred. Ten years have not passed since the punishment has been paid, (d) Actions have been taken by the regulatory body as having acted against the law, or five years have not passed since such actions have been taken, (d) In the case of an independent director, the company of the bank or financial institution concerned.Thapak or owning more than zero decimal one percent of shares, (n) Imprisonment imposed according to the court decision, pending payment of fine, pending payment of government dues. (2) Anything written in clause (e) of sub-section (1) However, an officer or employee of a bank or financial institution may work as a director of a subsidiary company of the same bank or financial institution.