Malaysia legislation
Section 3
Section 3
Amendment of section 4
(a)
in paragraph (3)(e), by inserting after the words
“appointed by the Minister” the words “on the advice of the Lembaga”; and
(b)
by inserting after subsection (3) the following subsections:
“(3a) In determining whether a person is a fit and proper for the purposes of subsection (3), the Minister shall have regard to—
(a)
the probity, competence and soundness of judgment of the person in fulfilling his responsibilities as a member of the Lembaga;
and
(b)
the diligence with which the person is likely to fulfil his responsibilities as a member of the Lembaga.
(3b)
Without prejudice to the generality of subsection (3), a person shall be disqualified from being appointed or being a member of the Lembaga, if he—
(a)
is an undischarged bankrupt;
(b)
has been convicted of an offence relating to the promotion, formation or management of a company or corporation;
(c)
has been convicted of an offence involving bribery, fraud or dishonesty;
(d)
has been convicted of an offence under any written law which is designed for protecting members of the public;
(e)
has been disqualified by an order of the court to act as a director under any written law; or
Tabung Angkatan Tentera (Amendment)
(f)
has engaged in or has been associated with, any business practice, or otherwise conducted himself in such a way as to cast doubt on his competence and soundness of judgment.
(3c)
The circumstances referred to in subsection (3b)
shall be applicable to circumstances in or outside
Malaysia.”.
Amendment of section 6