Malaysian Biofuel Industry Act 2007 s 10

s 10 Transfer of licence

(1) No licence shall be transferable from a licensee to any person without the prior written approval of the licensing authority. (2) A licensee who contravenes subsection (1) commits 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 three years or to both. (3) The licensing authority may approve the transfer of the licence if— (a) the licensee dies or becomes incapacitated or a bankrupt; (b) in the case of a company, the licensee is wound up or a receiver or manager is appointed in respect of the business of the licensee; or (c) for any reason the licensing authority is satisfied it would be unjust not to transfer the licence. (4) An application for the transfer of a licence shall be made in writing to the licensing authority.

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Find Act 666 on lom.agc.gov.my ↗

Text as at 1 November 2012 (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).

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