A person is disqualified from being a member of the Board and shall not become or continue to be appointed as a member of the Board if the person is or has been—
(a) declared a bankrupt under Chapter 9 of the Commercial Code;
(b) declared by a court to be physically or mentally incapacitated by reason of unsoundness of mind;
(c) convicted of a criminal offence except where the offence is a minor traffic offence or has been spent in accordance with the Criminal Records (Rehabilitation of Offenders) Act; or
(d) convicted of an offence under the provisions of this Act.