A person is disqualified from being a director and is not eligible to be appointed as a director, or having been appointed, is not eligible to continue as a director if that person —
(a) is an employee of the Authority;
(b) has filed for bankruptcy in a court or is declared by a court to be a bankrupt;
€ is declared by a court to be mentally incapacitated by reason of unsoundness of mind;
(d) has been convicted of a criminal offence except if the offence —
(i) is a minor traffic offence, or
(ii) is spent in accordance with the Criminal Records (Rehabilitation of Offenders) Act; or
€ is a member of Parliament.