Malaysia legislation
Section 42
Section 42
(2)
An application for the transfer or assignment of an approval or a licence shall be made to the Director General in the prescribed form and manner and accompanied by the prescribed fees.
(3)
The Director General may approve the transfer or assignment of an approval or a licence subject to the terms and conditions as he may impose or refuse the application for the transfer or assignment, with or without assigning any reason.
(4)
A person who contravenes subsection (1) commits an offence and shall, on conviction, be liable—
(a)
in the case of a sole proprietor—
(i)
to a fine not exceeding one hundred thousand ringgit or to imprisonment for a term not exceeding five years, or to both; and
(ii)
for a continuing offence, to a fine not exceeding one thousand ringgit for every day or part of a day during which the offence continues after conviction; or
(b)
in the case of a body corporate or partnership—
(i)
to a fine not exceeding two hundred thousand ringgit; and
(ii)
for a continuing offence, to a fine not exceeding two thousand ringgit for every day or part of a day during which the offence continues after conviction.
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