Malaysia legislation

Section 8

of *ACCOUNTANTS ACT 1967

Section 8

(a)

the Accountant General, Malaysia, or his nominee;

(b)

not more than five members appointed from the higher educational institutions specified in Part I of the

Third Schedule;

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(c)

the President of the Malaysian Association of Certified

Public Accountants;

(d)

three members appointed from amongst the Presidents of the local branches of the recognized bodies specified in

Part II of the First Schedule;

(e)

one member appointed from amongst the members of the council of the Malaysian Association of Certified Public

Accountants, other than its President;

(f)

not more than nine other members appointed from amongst suitably qualified persons; and

(g)

ten members elected by the annual general meeting of the

Institute in accordance with the rules of the Institute.

(2)

The members referred to in paragraphs (1)(b), (d), (e) and (f)

shall be appointed by the Minister on the advice of the Accountant

General and such appointments may be revoked by the Minister without assigning any reason therefor.

(3)

The total Council members shall not be less than twenty-five and more than thirty

(4)

The President and Vice-President of the Institute shall be elected by a simple majority vote of the total Council members from amongst the Council members for a term of two years.

(5)

In the event of any vacancy arising in the office of the President or of the Vice-President, the Council shall at its next meeting or as soon as may be thereafter elect one of the Council members to fill the vacancy by a simple majority vote of the total Council members for a new term of two years.

(6)

The President or Vice-President of the Institute shall not hold office for more than two consecutive years.

(7)

If the members of the Council fail to elect the President and

Vice-President as specified in subsection (4) or (5), the Minister shall

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appoint the President and Vice-President from amongst the Council members for a period of two years.

(8)

A Council member shall not hold office for more than four consecutive years.

(9)

The Minister may, in respect of each Council member appointed under paragraphs (1)(c) and (d), appoint an alternate member to attend, in place of that Council member, meetings of the Council when that

Council member is for any reason unable to attend.

(10)

When attending meetings of the Council, an alternate member shall for all purposes be deemed to be a member of the Council.

(11)

An alternate member shall, unless he sooner resigns his membership or his appointment is sooner revoked, cease to be an alternate member when the Council member in respect of whom he is an alternate cease to be a member of the Council.

General powers of the Council