Section 48
Other transport interests to be disclosed by applicant
of Land Public Transport Act 2010
Without prejudice to section 37 or 44, any person who applies for a licence or for a variation of a licence or any of the conditions thereof shall disclose or furnish in the application form as determined by the Director General of Land Public Transport—
(a)
any other licence or operator’s licence that has been issued to it under this Act;
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(b)
any financial interest whatsoever which it has in the business of any other person who provides services or facilities for land public transport within Peninsular
Malaysia; and
(c)
any such interest or right which any other person has in its business and any right which that other person has to nominate any director of the company of the applicant.
(2)
Where the applicant for a licence under this Chapter fails to disclose the information required under subsection (1), commits an offence and shall, on conviction, be liable to a fine not exceeding five thousand ringgit or to imprisonment for a term not exceeding one year or to both.