Malaysia legislation
Section 41
Section 41
(2)
The Commissioner may require an applicant under subsection (1) to supply him with any further information that he considers necessary to deal with the application.
(3)
The Commissioner may refuse to renew the registration of a registered person under subsection (1)—
(a)
on any ground on which the Commissioner may refuse to register under section 39;
trustee in tion (1), or on (1), such liquidator, as tions made of a deposit section (1) be applied regulations r forfeited ll notify in ch transfer shall be ance with ner under any person sequence of Specified imissioner red person ne month n, if not t of the person.
applicant y further deal with renew the subsection missioner
(b)
on any ground on which the Commissioner may revoke the registration of such person under section 42 or 44; or
(c)
on the ground of failure by such person to comply with subsection (1) or with any requirement of the Commissioner under subsection (2).
(4)
The Commissioner shall issue to a registered person whose registration is renewed under subsection (1) an appropriate certificate of registration which shall—
(a)
be valid for a period of twelve months beginning with the day of the expiry of the certificate of registration held by the registered person at the time of his application for renewal; and
(b)
be subject to such conditions as the Commissioner thinks fit.
(5)
Nothing in this section shall be construed as preventing a renewal of the registration of a registered person that has been renewed from being further renewed under this section.
(6)
The Commissioner shall not refuse to renew the registration of a registered person under subsection (3) without first giving such person an opportunity of being heard.
(7)
Where the Commissioner refuses to renew the registration of a registered person under subsection (3), he shall notify such person in writing to that effect stating the reasons for the refusal.