s 15 Disqualification and termination of director
(1) No person shall be appointed, or shall remain, as a director who is an officer of a co-operative society as defined in section 2 of the Co-operative Societies Act 1993. (2) The Minister may terminate or suspend the appointment of any director if the director— (a) resigns his office; (b) becomes of unsound mind or otherwise becomes incapable of carrying out his duties; (c) has been imposed any form of restriction or supervision by bond or otherwise, under any law relating to prevention of crime, or to preventive detention for prevention of crime or drug trafficking, or to restricted residence, or to banishment or immigration; (d) becomes a bankrupt or commits an act of bankruptcy as provided for in the Bankruptcy Act 1967 [Act 360]; (e) has been charged for a criminal offence under any written law punishable with imprisonment, whether by itself, or in lieu of, or in addition to, a fine, in any court in or outside Malaysia; (f) is guilty of serious misconduct in relation to his duties under this Act; or (g) is absent, except on leave granted by the Minister in the case of the Executive Chairman or by the Executive Chairman in the case of all other directors, from two consecutive meetings of the Board.