Section 6 — TABUNG ANGKATAN TENTERA ACT 1973

(2)

The Investment Panel shall consist of—

(a)

a Chairman who shall be appointed by the Minister on the advice of the Lembaga;

(b)

(Deleted by Act A1506);

(c)

the Chief of Defence Forces;

(ca)

a representative from the Ministry of Defence;

(d)

a representative from the Ministry of Finance;

(e)

four other members with experience and expertise in business, investment, investment risks management, actuary, banking, legal or finance who shall be appointed by the Minister on the advice of the Lembaga.

(2A)

For the purpose of paragraph (2)(a), the Chairman shall not be the Chairman of the Lembaga.

(2B)

In determining whether a person is fit and proper for the purposes of subsection (2), the Minister shall have regard to—

(a)

the probity, competence and soundness of judgment of the person in fulfilling his responsibilities as a member of the

Investment Panel; and

(b)

the diligence with which the person is likely to fulfil his responsibilities as a member of the Investment Panel.

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(2C)

Without prejudice to the generality of subsection (2), a person shall be disqualified from being appointed or being a member of the

Investment Panel, if he—

(a)

is an undischarged bankrupt;

(b)

has been convicted of an offence relating to the promotion, formation or management of a company or corporation;

(c)

has been convicted of an offence involving bribery, fraud or dishonesty;

(d)

has been convicted of an offence under any written law which is designed for protecting members of the public;

(e)

has been disqualified by an order of the court to act as a director under any written law; or

(f)

has engaged in or has been associated with, any business practice, or otherwise conducted himself in such a way as to cast doubt on his competence and soundness of judgment.

(2D)

The circumstances referred in subsection (2C) shall be applicable to circumstances in or outside Malaysia.

(3)

The provisions of the Second Schedule shall have effect with respect to the Investment Panel.

Power of Minister in relation to the Lembaga