Section 52
Reservation of licences or intermediation business licences
of Commercial Vehicles Licensing Board Act 1987
(1)
Notwithstanding anything contained in this Act, the
Yang di-Pertuan Agong may from time to time by order, give directions to the Board as may be required for the reservation of licences or intermediation business licences for Malays and natives in such proportion of the licences or intermediation business licences to be granted under this Act as the Yang di-Pertuan Agong may deem reasonable and the Board shall comply with such directions.
(2)
A licence or an intermediation business licence granted to a
Malay or to a native by the Board in pursuance of directions given by the Yang di-Pertuan Agong under subsection (1), shall bear an endorsement as follows:
“Granted in pursuance of directions given under subsection 52(1)
of the Commercial Vehicles Licensing Board Act 1987”.
Such endorsement shall be conclusive evidence that such licence or an intermediation business licence was granted in pursuance of such directions.
64 Laws of Malaysia ACT 334
(3)
The Board may, in respect of any licence or intermediation business licence granted in pursuance of directions given under subsection (1), attach to such licence or intermediation business licence such conditions as it thinks fit in addition to the conditions referred to in section 19 or subsection 26A(5).
(4)
For the purposes of this section, the expression “Malays” or
“natives” shall include a company, an association or a body of persons whether corporate or unincorporate, a majority part of whose capital is owned by and the management and employees are made up of Malays or natives.