Section 67

The Corporation, its officers or employees shall not at any time be taken for any purpose, or declared by any Court or person, as carrying on the business of the Corporation with intent to defraud creditors or to have committed any offence by reason of the fact that the Corporation is carrying on business when it is insolvent or likely to be insolvent.

68 Laws of Malaysia

No officer of the Corporation shall be held liable or be guilty of an offence in any proceedings related to subsection (2).

No officer or employee of the Corporation shall be disqualified under section 130A of the Companies Act 1965 or in any way precluded or otherwise barred from holding any office, or from admission to or membership of any professional or other body under any laws solely by reason of the fact that the officer or employee was an officer or employee of the Corporation.

An officer or employee of the Corporation shall not be taken to be no longer a fit and proper person solely by reason of the fact that the officer or employee was an officer or employee of the

Corporation.

For the purpose of this section —

“officer”, in relation to the Corporation, includes a person occupying the position of a director by whatever name called, a person in accordance with whose directions or instructions the members of the Board are accustomed to act, an alternate director and the secretary of the Corporation;

“employee” means any person employed by the Corporation.

Power to make regulations