Section 20H
Suspension of licence
of Companies Commission of Malaysia Act 2001
ActIn forceProvision 28 of 74
Section 20H
(1)
The Commission shall have the power to suspend the licence granted or renewed pursuant to section 20F.
(2)
The Commission may suspend a licence granted to any person where there is an action against the person to determine—
(a)
if there is a contravention of any of the provisions under this Act and the laws specified in the First Schedule; or
(b)
if there is a contravention of any of the conditions or restrictions imposed in relation to the issuance of the licence.
(3)
A person whose licence has been suspended under subsection (1)
shall be deemed as if he has not been licensed during that suspension period for the purposes of this Act and the laws specified in the First
Schedule.