Malaysia legislation
Section 56
Section 56
(2)
An auditor is not eligible for appointment under subsection (1) if—
(a)
where the dealer is an individual, he is an employee of the dealer or is in the employment of any employee of the dealer;
(b)
where the dealer is a corporation, he is a director or employee of the corporation or is in the employment of any director or employee of the corporation; or
(c)
where the dealer is a firm, he is a partner or employee of the firm or is in the employment of any partner or employee of the firm.
(3)
The name and particulars of every auditor appointed under this section shall be given to the Commissioner in writing within one month of the appointment being made.
in this Part shall not be a dealer or be under the order ention of subl no person to y title to it.
lect the validity d account by a of the dealer's clearing house.
rued as taking lien which any in a segregated received for the m the sale of s paid into a or to audit his nts required to 53) and, where for the dealer, able thereafter, pointment under dual, he is an he employment ation, he is a rporation or is or or employee is a partner or he employment he firm.
every auditor given to the month of the