There are some rules that have to be followed for company formations. It is not possible for people who are un-discharged bankrupt and those who are disqualified from a court to become a director of a company. It is only if they have been given leave to act for a particular company or companies can they become a director.

 

Company formations act for different countries have different minimum and maximum age limits for a director of a company. Find out what the limits are for your country before appointing a director. If you choose a sensitive name for the company, you will have to seek authorization from relevant bodies for using the name.