Malaysia legislation
Section 90
Section 90
Persons disqualified from being a director
(a)
has been convicted of any offence in connection with the formation or management of a corporation or company;
(b)
has been convicted of any offence involving fraud, bribery or dishonesty;
(c)
is an undischarged bankrupt or insolvent; or
(d)
is deemed unfit by the Authority.
(2)
The Labuan company shall ensure that no person acting or nominated to act as a director or hold office or take part or be in any way directly or indirectly concerned with or in the management of a
Labuan company is a disqualified person under subsection (1).
(3)
If default is made in complying with this section, the person who is in default commits an offence under this Act.
Penalty: One million ringgit or imprisonment for a term not exceeding five years or both.
Disclosure of interest in contracts, property, offices, etc.