Malaysia legislation

Section 117

of COMMODITIES TRADING ACT 1985

Section 117

(2)

Subject to subsection (3), for the purposes of this section, a person is deemed to be a director of a corporation if he occupies the position of a director by whatever name he may be called or is a person in accordance with whose directions or instructions the directors of the corporation or any of them act.

(3)

A person shall not, by reason only that the directors of a corporation act on advice rendered by him in a professional capacity, be taken to be a person in accordance with whose directions or instructions those directors act.

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Section 117 — AKTA DAGANGAN KOMODITI 1985 | mylaw.my