Malaysia legislation
Section 33
Section 33
Officers of affected person to perform or exercise function with written approval
(2)
For the purpose of subsection (1) the Special Administrator shall be entitled to exercise all the functions of the board of directors of the affected person.
(3)
In this section—
(a)
an “officer” in relation to the affected person includes a receiver, receiver and manager, provisional liquidator and director; and
(b)
an employee of the affected person shall not be construed as an officer solely by virtue of him being an employee of the affected person.
(4)
Any person who contravenes subsection (1) commits an offence and shall on conviction be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
Dealings with affected person’s assets