What activities are restricted for disqualified persons in a corporation?

Disqualified persons in a corporation are typically individuals or entities that, due to certain legal or financial circumstances, are prohibited from engaging in specific activities related to the corporation. This includes being shareholders, managing the corporation, or becoming employees.

When a person is disqualified, it indicates that they may present a conflict of interest or have a disqualifying relationship that can harm the integrity of the corporation or its operations. Each of these roles—shareholder, manager, and employee—carries specific responsibilities and privileges that can potentially be compromised by a disqualified person's involvement.

By restricting all these activities, the law aims to maintain corporate governance standards and protect stakeholders' interests. Thus, disqualified persons are prevented from participating in any capacity within the corporate structure to avoid conflicts of interest, ensure compliance with regulatory frameworks, and uphold the overall ethical standards required in corporate governance.