Malaysia legislation

Section 146

of CAPITAL MARKETS AND SERVICES (AMENDMENT) ACT 2012

Section 146

(a)

the member has failed to discharge his duties in a proper manner; or

(b)

the member absents himself from three consecutive meetings of the Corporation without leave of the

Chairman of the Corporation and in the case of the

Chairman of the Corporation, without leave of the

Chairman of the Commission.

(2)

A member may at any time resign his office by giving a written notice of not less than thirty days to the Minister.

(3)

The office of a member of the Corporation shall be vacated if—

(a)

he dies;

(b)

he has been convicted under any law for an offence involving fraud, dishonesty or violence whether within or outside Malaysia;

(c)

he becomes a bankrupt; or

(d)

he is of unsound mind or is otherwise incapable of discharging his duties.

Meetings