Microenterprise Loan Fund Act 2012
Disqualification for office of director of subsidiary.
14.— (1) A director of the subsidiary shall cease to be qualified and cease to be a director of the subsidiary if he or she—
(a) is adjudicated bankrupt,
(b) makes a composition or arrangement with creditors,
(c) is sentenced by a court of competent jurisdiction to a term of imprisonment,
(d) is convicted of any indictable offence in relation to a company,
(e) is convicted of an offence involving fraud or dishonesty, whether in connection with a company or not, or
(2) This section is in addition to, and not in substitution for, any provision of the Companies Acts by virtue of which a person is not qualified for, or shall cease to be, a director of a company.