Malaysia legislation

Section 20I

of *COMPANIES COMMISSION OF MALAYSIA ACT 2001

Section 20I

(a)

contravention of any of the provisions under this Act or the laws specified in the First Schedule;

(b)

conviction of an offence under any other laws in Malaysia;

(c)

contravention of any of the conditions or restrictions imposed in relation to the issuance of the licence;

(d)

the person becomes a bankrupt; or

(e)

the person who has been licensed fails or ceases to carry on the service or activity to which the licence relates.

(2)

The Commission shall not revoke a licence unless the licensed person has been given an opportunity to be heard.

Surrender of licence

Section 20I — COMPANIES COMMISSION OF MALAYSIA ACT 2001