A licence is not transferable except with the approval of the Controller.
A licensee who transfers his licence to another person without the approval of the Controller commits an offence.
licensee
“licensee” means a person to whom a licence is granted under section 7;
The Controller may approve the transfer of the licence if—
Controller
“Controller” means the Controller of Optical Discs appointed under section 3;
the licensee dies or becomes incapacitated or a bankrupt;
in the case of a company, the licensee is wound up or a receiver or manager is appointed in respect of the business of the licensee; or
for any reason the Controller is satisfied it would be unjust not to transfer the licence.
An application for the transfer of a licence shall be made in writing to the Controller.