10. No person shall be qualified to be a director unless-
| (a) he is a citizen of Ceylon; |
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| (b) except in the case of a nominated director, he holds shares of the Corporation of the face value of five thousand rupees or more; |
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| (c) being a Senator or a Member of Parliament, he shall resign therefrom within one month of being elected or nominated a director; |
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| (d) except in the case of a nominated director, being a whole-time salaried officer of the Government he shall resign from such post within one month of being elected a director. |
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Sri Lanka Consolidated Acts