Companies Commission of Malaysia Act 2001 · Updated to 1 Mar 2018 · Part IIIC · Licensing
20I. Revocation of licence
Feedback & supportThe Commission shall have the power to revoke the licence granted or renewed pursuant to section 20F on the following grounds:
Commission
“Commission” means the Companies Commission of Malaysia established under section 3;
Companies Commission of Malaysia 29
contravention of any of the provisions under this Act or the laws specified in the First Schedule;
conviction of an offence under any other laws in Malaysia;
contravention of any of the conditions or restrictions imposed in relation to the issuance of the licence;
the person becomes a bankrupt; or
the person who has been licensed fails or ceases to carry on the service or activity to which the licence relates.
The Commission shall not revoke a licence unless the licensed person has been given an opportunity to be heard.
Surrender of licence