s 2G Registration of nominee
(1) For the purposes of subsection 2F(1), the Director General of Insolvency may approve an application for registration of a nominee subject to the following conditions: (a) the applicant is— (i) a registered chartered accountant under the Accountants Act 1967 [Act 94]; (ii) an advocate and solicitor; or (iii) such other person as the Minister may, on the recommendation of the Director General of Insolvency, prescribe by order published in the Gazette; (b) the applicant is not an undischarged bankrupt; (c) the applicant does not assign his estate for the benefit of his creditors or is not under a voluntary arrangement with his creditors; (d) the applicant has not been convicted in Malaysia or elsewhere of a criminal offence as would render him unfit to be a nominee under this Part, and in particular, but not limited to, an offence involving fraud or dishonesty; and (e) the applicant is not suffering from any mental disorder under the Mental Health Act 2001 [Act 615]. (2) The Minister may prescribe the procedures and fees for the registration of nominees. (3) Any person who acts as a nominee without being registered with the Director General of Insolvency shall be guilty of an offence and shall be liable on conviction to imprisonment for a term not exceeding two years or to a fine not exceeding fifteen thousand ringgit or to both. (4) Any person who continues to act as a nominee after the expiry of his registration as nominee shall be guilty of an offence and shall be liable on conviction to imprisonment for a term not exceeding one year or to a fine not exceeding five thousand ringgit or to both.