150. Power To Provide For Exceptions From Minimum Age Requirement

(1) The Board may make rules providing for cases in which a person who has not attained the age of 18 years may be appointed a director of a company.
(2) The rules must specify the circumstances in which, and any conditions subject to which, the appointment may be made.
(3) If the specified circumstances cease to obtain, or any specified conditions cease to be met, a person who was appointed by virtue of the rules and who has not since attained the age of 18 years ceases to hold office.