Malaysia legislation
Section 19
Section 19
(a)
to sell, dispose of or to reconstruct; or
(b)
to take any action which will affect in any material respect, its business relating to education either by amalgamation or otherwise, unless approved by the Minister.
(2)
An application for an approval under this section shall be made to the Registrar General—
(a)
on the prescribed form and in the prescribed manner;
(b)
accompanied by the prescribed fee; and
(c)
by submitting together with the application—
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(i)
a copy of the proposed agreement or arrangement; and
(ii)
all other information, particulars and documents as may be related directly or indirectly to the agreement or arrangement or relevant to its consideration.
(3)
At any time after receiving an application and before it is determined by the Minister, the Registrar General may by written notice, require additional information, particulars or documents.
(4)
Where any additional information, particulars or documents required under subsection (3) is or are not provided within the time specified in the requirement or any extension thereof, the application—
(a)
shall be deemed to have been withdrawn; and
(b)
shall not be further proceeded with, without prejudice to a fresh application being made by the applicant.
(5)
The Registrar General shall, on an application having been duly made under this section and after being provided with all such information, particulars and documents as he may require under subsection (3)—
(a)
take the necessary action to vet the application; and
(b)
make recommendation to the Minister whether the application—
(i)
may be approved or refused; and
(ii)
as to the modifications, variations or conditions, if any, subject to which it may be approved.
(6)
Upon receiving and having considered the recommendations of the Registrar General, the Minister may—
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(a)
approve the application with or without any modification, variation or condition; or
(b)
refuse the application without assigning any reason for such refusal.
(7)
Where the Minister refuses the application, the Registrar
General shall notify the applicant in writing of the refusal.
(8)
The
Minister may, in granting an approval under paragraph (6)(a), require the company to pay such amount of fees as may be prescribed.
(9)
The decision of the Minister under this section shall be final.
Minister may vary conditions