According to section 151 of the Companies Act 1993, anyone can be a director of a company, except:
- A person who is under 18 years of age
- A person who is an undischarged bankrupt
- A person who is prohibited from being a director or promoter of or being concerned or taking part in the management of a company under following circumstances:
- Convicted of an offence in connection with the promotion, formation or management of a company or any crime involving dishonesty
- Disqualified by Court
- Prohibited by Registrar or FMA
- A person who is prohibited from being a general partner or promoter of a limited partnership under the Limited Partnerships Act 2008
- A person who is prohibited from being a director under a law of a prescribed country, State or territory outside New Zealand
- A person who is prohibited from the constitution of the company
- A person who is subject to a property order made under the Protection of Personal and Property Rights Act 1988
- A person that is not a natural person cannot be a director of a company.
Moreover, for a company to be valid, a company must have one director live in New Zealand or live overseas where the company is register. (Section 10)
Reference
Companies Act 1993
{proforms 1}