Malaysia legislation
Section 45
Section 45
National Kenaf and Tobacco Board 37
(2)
A licence shall only be transferred to a person who satisfies the requirements of subsection 40(5).
(3)
Subject to subsection (2), the Board may approve the transfer of a licence under the following circumstances:
(a)
if the licensee becomes mentally incapacitated;
(b)
if the licensee is adjudged a bankrupt;
(c)
if the licensee dies;
(d)
if the licensee is a company, the company is being wound up;
(e)
if the licensee is a partnership, the partnership is dissolved;
or
(f)
if the Board thinks it fit or expedient to do so.
(4)
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 to imprisonment for a term not exceeding three years or to both.
No assignment of licence or certificate of authorization