Acts Online
GT Shield

Land and Agricultural Development Bank Act, 2002 (Act No. 15 of 2002)

Part II : Management of Bank

10. Disqualification

 

 

A person may not be appointed as a Board member if that person—

(a) is not a citizen of, or does not hold a permanent residence permit for residence in, the Republic;
(b) is subject to an order of a competent court declaring that person to be mentally ill;
(c) is convicted after commencement of this Act, whether in the Republic or elsewhere, of any offence for which such person is sentenced to imprisonment without the option of a fine;
(d) has been convicted—
(i) in the Republic of theft, perjury or an offence in terms of the Corruption Act, 1992 (Act No. 94 of 1992);
(ii) elsewhere, of any offence corresponding materially with any offence referred to in subparagraph (i);
(iii) whether in the Republic or elsewhere, of any other offence involving dishonesty; or
(iv) of an offence in Atecrtm; tsh oisf 40
(e) is disqualified to act as a director of a company incorporated in terms of the Companies Act, 1973 (Act No. 61 of 1973); or
(f) has, according to a determination by an equality court, contravened section 7 of the Promotion of Equality and Prevention of Unfair Discrimination Act, 2000 (Act No. 4 of 2000).