Section 252 of ACT 179 lists out the following persons as being incompetent to be liquidators:

• An infant.
• A person found by a court of competent jurisdiction to be a person of unsound mind.
• A body corporate.
• A person convicted on indictment, whether in the Republic or elsewhere, of an offence involving fraud or dishonesty or of an offence in connection with the promotion or management of a body corporate.
• An undischarged bankrupt or any other person subject to insolvency proceedings under the Insolvency Act, 1962 ACT 153.
• A director of a company is not qualified for appointment as a liquidator of that company.
• An auditor of a company shall not be appointed as liquidator in a private liquidation unless on the appointment, a special resolution is duly passed dispensing with the auditing of the accounts of that auditor.
  (1 point each for 4 marks)