Malaysia legislation
Section 44
Section 44
(2)
The surrender of the licence or permit shall take effect six months from the date the Commission receives the notice under subsection (1) or on such other date as may be specified by the
Commission.
(3)
The surrender of a licence or permit under subsection (1) shall be irrevocable unless the Commission by notice in writing to the licensee or permit holder allows the surrender to be withdrawn before the effective date of the surrender of the licence or permit.
(4)
The licensee or permit holder shall—
(a)
take all such measures and provide all such assistance as may be required by the Commission pursuant to the surrender of the licence or permit; and
(b)
forward the licence or permit to the Commission on the effective date of the surrender of the licence or permit.
Transfer or assignment of licence or permit