Section 330, The Companies Act, 2009

(1) The following persons shall not be appointed or actas receivers or managers of any property or undertaking of any company:- (a) any person who is under the age of 18 years; (b) any person found by a court to be of unsound mind; (c) a body corporate; (d) an undischarged bankrupt, unless he shall have been given leave to act as a receiver or manager of the property or undertaking of the company by the court by which he was adjudged bankrupt; (e) a director or auditor of the company; (f) any person convicted of any offence involving fraud, corruption or moral turpitude and who is disqualified as a result of a conviction for any offence in connection with the promotion or formation of a company. (2) Any appointment made in contravention of subsection (1) shall be void and if any of the persons named in paragraphs (c), (d), (e) and (f) of that subsection acts as a receiver or manager, he shall be guilty of offence and be liable to a fine not exceeding Le.5,000,000 in the case of a body corporate or, in the case of an individual to imprisonment for a term not exceeding 6 months or to a fine not exceeding Le.3,000,000. (3) Where any of the persons mentioned in subsection (1) is, at the commencement of this Act acting as a receiver or manager he may be removed by the court on an application by a person interested.