Section 196. Directors of company

(1) A company shall have a minimum number of directors as follows:

(a) in the case of a private company, one director; or

(b) in the case of a public company, two directors.

(2) A director shall be a natural person who is at least eighteen years of age.

(3) A director of a company shall not resign or vacate his office if by his resignation or vacation from office, the number of directors of the company is reduced below the minimum number required under subsection (1) and any purported resignation or vacation of office in contravention of this section shall be deemed to be ineffective unless a person is appointed in his place.

(4) For the purposes of this section, the minimum number of directors—

(a) shall ordinarily reside in Malaysia b y having a principal place of residence in Malaysia; and

(b) shall not include an alternate or substitute director.