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 [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 [Register of members]; or

[(ii) is of unsound mind and stands so adjudged by a competent court; or]

(iii) is an undischarged insolvent [or an undischarged bankrupt]; or

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

(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 without 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

[(vi) has been removed from membership of the Institute on being found on inquiry to have been guilty of professional or other misconduct:

Provided that a person who has been removed from membership for a specified period, shall not be entitled to have his name entered in the [Register of members] until the expiry of such period.]