Malaysia Deposit Insurance Corporation Act 2011 s 162
s 162 Qualifications of conservator
(1) No person shall be appointed as a conservator unless—
(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(b) he has consented in writing to his appointment and has not withdrawn his consent as at the date of his appointment.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 conservator:
(a) an approved company auditor under the Companies Act 2016;
(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 conservator.
(3) The following persons shall not be qualified to be appointed as a conservator:
(a) a corporation;
(b) an undischarged bankrupt;
(c) a mortgagee of any asset of the affected person;
(d) an auditor of the affected person; or
(e) an officer of the affected person.
Malay text (authoritative)
Kelayakan konservator
(1) Tiada seorang pun boleh dilantik sebagai seorang konservator melainkan jika—
(a) orang itu ialah orang sebenar; dan
(b) dia telah bersetuju secara bertulis mengenai pelantikannya dan tidak menarik balik persetujuannya pada tarikh pelantikannya.
(2) Orang yang berikut layak untuk dilantik sebagai konservator:
(a) juruaudit syarikat yang diluluskan di bawah Akta Syarikat 2016;
(b) seorang yang mempunyai, pada pendapat Perbadanan, pengalaman yang dikehendaki; atau
(c) seorang yang, pada pendapat Perbadanan, berupaya melaksanakan tugas seorang konservator.
(3) Orang yang berikut tidak layak untuk dilantik sebagai konservator:
(a) suatu perbadanan;
(b) seorang bankrap yang belum dilepaskan;
(c) seorang pemegang gadai janji mana-mana aset orang terjejas;
(d) seorang juruaudit orang terjejas; atau
(e) seorang pegawai orang terjejas.
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Find Act 720 on lom.agc.gov.my ↗
Text as at 21 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
