Section 7
Disqualification of Chief Executive Officer and director
of Development Financial Institutions Act 2002
No prescribed institution shall appoint a person and no person shall accept appointment as a Chief Executive Officer or director of a prescribed institution—
(a)
if he is a bankrupt or has compounded with his creditors, whether in or outside Malaysia;
(b)
without prejudice to paragraph (c), if a charge for a criminal offence relating to dishonesty, fraud or violence under any written law punishable with imprisonment for one year or more, whether by itself, or in lieu of, or in addition to, a fine, has been proved against him in any court in or outside
Malaysia;
(c)
if a charge for any offence under this Act has been proved against him;
(d)
if there has been made against him any order of detention, supervision, restricted residence, banishment or deportation, or if there has been imposed on him any form of restriction or supervision, by bond or otherwise, under any law relating to prevention of crime, or preventive detention for the prevention of crime or drug trafficking, or restricted residence, or banishment or immigration; or
(e)
if he has been a director of, or directly concerned in the management of, any corporation which is being or has been wound up by a court or other authority competent to do so in or outside Malaysia.
Development Financial Institutions 29
(2)
(Deleted by Act A1502).