Malaysia legislation
Section 16a
Section 16a
(2)
In this section, “director” means any person who—
(a)
is occupying the position of director, by whatever name called, including any person who is concerned in the management of the company’s business; and
(b)
is, either on his own or with one or more associates, the owner of, or able directly or through the medium of other companies or by any other indirect means to control, not less than twenty per cent of the ordinary share capital of the company.
(3)
For the purposes of paragraph (2)(b), “associate” means, in relation to a person—
(a)
in any of the following relationships to that person, that is to say, husband or wife, parent or remoter forebear, child or remoter issue, brother, sister and partner;
(b)
the trustee or trustees of a settlement in relation to that person is, or any such relative of his, living or dead, as is mentioned in paragraph (a) of this definition is or was, a settlor;
(c)
where that person is interested in any shares or obligations of a company which are subject to any trust or are part of the estate of a deceased person, any other person interested therein.”.
Act 833
Amendment of section 23