Malaysia legislation
Section 61
Section 61
Registrar’s power to restrain persons from managing Langkawi companies
(a)
has been convicted of an offence in connection with the promotion, formation or management of a corporation;
(b)
has been convicted of any act involving fraud or dishonesty;
or
(c)
is an undischarged bankrupt or insolvent, be disqualified from acting as a director or promoter of, or being in any way directly or indirectly concerned with or taking part in the management of, a Langkawi company.
64
Act 643
(2)
After a direction has been issued by the Registrar under subsection (1), a Langkawi company shall not thereafter appoint or retain a person so disqualified as a director, and a person so disqualified who acts in contravention of that direction without leave of the Court shall be guilty of an offence against this
Act.
Penalty: Ten thousand ringgit.
Disclosure of interest in contracts, property, office, etc.