Section 8: Disabilities

Notwithstanding anything contained in section 4, a person shall not be entitled to

have his name entered in, or borne on, the 1 [Register of members] if he--

(i)

has not attained the age of twenty-one years at the time of his application for the entry of his name in the 1 [Register of members]; or

(ii)

is of unsound mind and stands so adjudged by a competent court; or

(iii)

is an undischarged insolvent 2 [or undischarged bankrupt]; or

2 [(iiia) is declared bankrupt under the Insolvency and Bankruptcy Code, 2016 (31 of 2016);]

(iv)

being a discharged insolvent, has not obtained from the court a certificate stating that his insolvency was caused by misfortune without any misconduct on his part; or

(v)

has been convicted by a competent court whether within or 3 [outside India], of an offence

involving moral turpitude and punishable with imprisonment or of an offence, not of a technical nature, committed by him in his professional capacity unless in respect of the offence committed he has either been granted a pardon or, on an application made by him in this behalf, the Central Government has, by an order in writing removed the disability; or