The Small Industries Development Bank of India Act,1989
Section 8. Disqualifications
No person shall be a Director if he-
(a) Is, or becomes, of unsound mind or is so declared by a competent court; or
(b) Is, or has been, convicted of any offence which, in the opinion of the Development Bank, involves moral turpitude; or
(c) Is, or at any, time has been, adjudicated as insolvent or has suspended payment of his debts or has compounded with his creditors.