(1) The grant of an individual licence under section 9 shall be personal to the individual licensee and the individual licence shall not be assigned, sub-licensed or transferred to any other person except with the prior written approval of the Minister.
(2) An individual licensee who assigns, sub-licenses or transfers its individual licence to any other person without the prior written approval of the Minister commits an offence and shall, on conviction, be liable to a fine not exceeding three hundred thousand ringgit or to imprisonment for a term not exceeding three years or to both.
Malay text (authoritative)
Pemindahmilikan lesen individu
(1) Pemberian suatu lesen individu di bawah seksyen 9 hendaklah bersifat peribadi bagi pemegang lesen individu dan lesen individu itu tidak boleh diserahhakkan, disublesenkan atau dipindahmilikkan kepada mana-mana orang lain kecuali dengan kelulusan bertulis terdahulu daripada Menteri.
(2) Pemegang lesen individu yang menyerahhakkan, mensublesenkan atau memindahmilikkan lesen individunya kepada mana-mana orang lain tanpa kelulusan bertulis terdahulu daripada Menteri melakukan suatu kesalahan dan boleh, apabila disabitkan, didenda tidak melebihi tiga ratus ribu ringgit atau dipenjarakan selama tempoh tidak melebihi tiga tahun atau kedua-duanya.
Text as at 1 August 2006 (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).
