Section 26G

any proceedings or claims instituted or made against the holder of an intermediation business licence which might have an adverse effect on his financial condition or on his ability to perform any condition under the intermediation business licence;

any reprimands or fines imposed on the holder of an intermediation business licence by the Government; and

any change in the control of the holder of an intermediation business licence.

For the purposes of this section, “control”, in relation to a holder of an intermediation business licence, means having the power, directly or indirectly, to direct the management and policy of the holder of an intermediation business licence.

42 Laws of Malaysia ACT 334

A holder of an intermediation business licence who fails to comply with subsection (1) commits an offence and shall, on conviction, be liable to a fine of not less than one thousand ringgit but not more than ten thousand ringgit or to imprisonment for a term not exceeding one year or to both.

PART IVB

INTERNATIONAL CIRCULATION OF COMMERCIAL VEHICLES

Permit, licence, etc., under international agreement