ACT 125

COMPANIES ACT 1965 (REVISED - 1973)

PART V - MANAGEMENT AND ADMINISTRATION

DIVISION 2 - DIRECTORS AND OFFICERS

Section 139C. Disqualification.

(1) A person shall be disqualified to act as a secretary if— (a) he is an undischarged bankrupt; (b) he is convicted whether within or without Malaysia of any offence mentioned in subsection 130(1); (c) he ceases to be a member of the body prescribed by the Minister under section 139A; or (d) he ceases to be a holder of a valid licence issued under section 139B. (2) Notwithstanding subsection (1), the Registrar may require a person to show cause why his licence issued under section 139B should not be revoked or why he should not be disqualified from acting as a secretary of a company, if he is of the opinion that that person has failed to act honestly or has failed to use reasonable diligence in the discharge of his duties as a secretary. (3) If a person continues to act as a secretary for a company after he is so disqualified under this section without leave of the Court, he and every director who knowingly permits him to act in that capacity shall be guilty of an offence.