Malaysia legislation

Section 12

of CONSUMER CREDIT ACT 2025

Section 12

Revocation of appointment and resignation

(a)

the member is absent from three consecutive meetings of the Board, in the case of the Executive Chairman, without leave of the Minister and in the case of the Deputy Executive Chairman or other members of the Board, without leave of the Executive Chairman;

(b)

the member fails to comply with his obligations under section 20; or

(c)

the member is disqualified under section 19.

24

Act 873

(2)

The revocation of appointment under subsection (1) shall be supported with a reason in writing.

(3)

Any member of the Board may resign his office by giving a written notice addressed to the Minister.

Remuneration and allowances

Section 12 — CONSUMER CREDIT ACT 2025 | mylaw.my