s 24C Submission of memorandum for any change in existing charges and fees
(1) The licensed company may submit to the Minister a memorandum containing proposals for any change in the existing charges and fees prescribed under regulations made under section 3, which relate to the carrying out of any of its function or service, for the approval of the Minister. (2) The Minister shall consider the memorandum within six months of its submission. (3) Where the Minister approves the memorandum, he may subject his approval to such modifications as he deems fit to the proposals in the memorandum. (4) Where the Minister rejects the memorandum, the licensed company may, where there is a change in circumstances relating to the proposals in the memorandum, apply to the Minister for a review: Provided that such application shall be made before the expiration of thirty days from the date of notice of rejection of the memorandum. (5) The Minister shall consider the application within three months of its submission.