(1) A member of the Commission or any committee who has or acquires a direct or indirect interest in relation to any matter under discussion by the Commission or committee shall disclose to the Commission or committee, as the case may be, the the existence of his interest and nature thereof.
[Am. Act A926:s.4]
(2) [Repealed by Act A926:s.4]
(3) A disclosure under subsection (1) shall be recorded in the minutes of the Commission or committee, as the case may be, and, after the disclosure, the member-
(a) shall not take part nor be present in any deliberation or decision of the Commission or committee, as the case may be; and
(b) shall be disregarded for the purpose of constituting a quorum of the Commission or committee, as the case may be,
relating to the matter.
[Am. Act A926:s.4]
(4) Any member of the Commission or committee who fails to disclose his interest as provided under subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit or imprisonment for a term not exceeding five years or to both.
(5) No act or proceedings of the Commission or committee shall be invalidated on the ground that any member of the Commission or committee has contravened the provisions of this section.