Railways Act 1991 · Updated to 1 Sep 2012 · Part XII · Railway Assets Corporation and Railway Property
99. Ineligibility for employment as officers or servants of the Corporation
Feedback & supportNo person shall be eligible for employment as an officer or servant of the Corporation who has, directly or indirectly, by himself or his partner, any share or interest in any contract or proposed contract with, for or on behalf of the Corporation.
Any officer or servant of the Corporation who has or acquires any such share or interest shall be liable in the discretion of the Corporation to be dismissed.
If any officer or servant of the Corporation at the time of his appointment as such officer or servant already owns or controls any share or interest in any property which, subsequent to his appointment as such officer or servant, is included or is intended to be included in any contract or proposed contract with, for or on behalf of the Corporation, he shall disclose the same in writing to the Corporation.
property
“property” means any movable or immovable property, and includes— (a) any right, interest, title, claim, chose-in-action, power, privilege, whether present or future and whether vested or contingent, in relation to any property, or which is otherwise of value; (b) any conveyance executed for conveying, assigning, appointing, surrendering, or otherwise transferring or disposing of immovable property whereof the person executing the conveyance is proprietor or possessed or wherein he is entitled to a contingent right, either for his whole interest or for any less interest; (c) any monetary instrument; (d) any other instrument or securities; (e) any business; and (f) any other tangible or intangible property;
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Laws of Malaysia ACT 463