Malaysia legislation
Section 33
Section 33
The Chief Executive may revoke or suspend the licence issued under section 29 if the Chief Executive is satisfied that—
(a)
the licensee has failed to comply with any conditions of the licence;
(b)
the licence has been obtained by fraud or misrepresentation;
(c)
a circumstance existed at the time the licence was issued or renewed that the Chief Executive was unaware of, which would have caused the Chief Executive to refuse to issue or renew the licence if the Chief Executive had been aware of the circumstance at that time;
(d)
the licensee has ceased to carry on the business in respect of which he is licenced under this Act;
(e)
the licensee has been adjudged a bankrupt or has gone into liquidation or is being wound up;
(f)
the licensee has been convicted of an offence under this
Act or an offence involving fraud, dishonesty or moral turpitude; or
(g)
the revocation or suspension is in the interest of the public or national security.
Transfer or assignment of licence