Malaysia legislation
Section 51
Section 51
(a)
the person is a natural person; and
(b)
he has consented in writing to his appointment and has not withdrawn his consent as at the date of his appointment.
(2)
The following persons shall be qualified to be appointed as a
Special Administrator:
(a)
a company auditor approved under the Companies Act 1965;
(b)
a person who has, in the opinion of the Corporation, the requisite experience; or
(c)
a person who is, in the opinion of the Corporation, capable of performing the duties of a Special Administrator.
(3)
The following persons shall not be qualified to be appointed as a Special Administrator:
(a)
a corporation;
(b)
an undischarged bankrupt;
(c)
a mortgagee of any property of the affected person;
(d)
an auditor of the affected person; or
(e)
an officer of the affected person.
Qualifications of Independent Advisor