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11. Amendment of section 14

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Section 14 of the principal Act is amended—

(a)

in the shoulder note, by inserting after the words “franchise broker” the words “or franchise consultant”;

(b)

in subsection (1), by substituting for paragraph (a)

the following paragraph:

“(a) by submitting the application in such form as may be determined by the Registrar together with the prescribed fee; and”;

(c)

by inserting after subsection (3) the following subsection:

“(3a)  Upon approving the application under subsection (1), the Registrar may require the applicant to pay such amount of fee as may be prescribed.”;

(d)

by deleting subsections (5a) and (5b); and

(e)

by inserting after subsection (6) the following subsection:

“(7)  Any franchise broker or franchise consultant who fails to comply with subsection (1) commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit, and for a second or subsequent offence, to a fine not exceeding twenty-five thousand ringgit.”.

Franchise (Amendment)

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