Malaysia legislation
Section 43
Section 43
(a)
he has been convicted of an offence under this Act; or
(b)
he has been dismissed as an employee of a registered society.
Co-operative Societies
(2)
No person shall be eligible to be appointed to the Internal Audit Committee of a registered society if he has been appointed to the Board of such registered society and no person shall be appointed to the Board of a registered society if he has been appointed to the Internal Audit Committee of such registered society.
(3)
From the third year of registration of a society, no person shall be appointed to be a member of the Board of such registered society unless he has been a member of such registered society for a minimum period of two years.
(4)
Subsection (3) shall not apply to a registered society with one hundred or less members and to school co-operative societies.