The Board of Directors or Executive Chief of the
Corporate Body desirous to be registered as the Securities Entrepreneur
shall not have to the following disqualification :-
(a) Should not be mad or insane,
(b) Should not be insolvent,
(c) Not yet lapsed Five years of one has served imprisament
by the decision of court of law in a criminal offence.
(d) Should not be a member of the Corporate Body which
has obtained the certificate of Securities Entrepreneur,
(e) Should not be a member of other Corporate Body which
have obtained the license of Securities Entrepreneur,
54 Deleted by Second Amendment.
55 Amended by Second Amendment.
(f) Should not be involved in contraction or other personal
interest of the corporate body which have obtained the
license of Securities Entrepreneur.