Malaysia legislation
Section 18
Section 18
(2)
A disclosure under subsection (1) shall be recorded in the minutes of the meeting of the Council or the committee, as the case may be.
(3)
Upon disclosure under subsection (1), the member—
(a)
shall not take part in or be present during any discussion or decision of the Council or the committee; and
(b)
shall be disregarded for the purpose of constituting a quorum of the meeting of the Council or the committee, relating to the matter.
(4)
A member of the Council or the committee who contravenes subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding fifty thousand ringgit or to imprisonment for a term not exceeding two years or to both.
(5)
No act or proceeding of the Council or the committee shall be invalidated on the ground that any member of the Council or the committee has contravened this section.
Agensi Inovasi Malaysia 19